Melvin Baker - AHN Reporter
New York, NY (AHN) - The Dow Jones Industrial Average added 200 points Thursday to surge past the 10,000 mark as U.S. markets rebounded on positive news of jobless claims and worker productivity.
The Dow added 2 percent to end the day at 10,006 after moving as high as 10,011.93.
The Nasdaq swelled 50 points, or 2.4 percent, to 2,105.32. The financial, industrial, technology and consumer discretionary sectors of the gauge all rose more than 2 percent.
The Standard and Poor's 500 Index rose 20 points, or 1.9 percent, to 1,066.63.
For every stock that declined on the New York Stock Exchange, nine advanced.
The Labor Department reported early in the day that first-time claims for unemployment benefits dropped by 20,000 for the week ending Oct. 31. In a separate report, the department said non-farm productivity rose at an annual rate of 9.5 percent in the third quarter.
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