Dow Ends Day Up 100 Points

by Darren

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It hasn’t been all bad news this week for traders, as the Dow Jones ended up 100 points on Thursday. They were mixed results that left some investors enthusiastic.

Profits from companies like Nokia Corp. came in better than expected, and the Labor Department said jobless claims rose last week by a slightly smaller number than economists predicted. The numbers all helped steady a market that has seen stability in short supply.

Analysts said the jobless report in particular helped stocks, as it indicated that the labor market is holding up. The figures were released a day before the government’s highly anticipated July employment report, to be issued before the start of trading on Friday.

Now the big question is, can it last?

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