A larger than expected drop in unemployment claims last week lifted the markets to a modestly higher close with with the Dow rising 55 points to 12,582. Nasdaq climbed 30 points to 2352.
On the upside
In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 9 points to 707.