Wall Street News

Wall Street News

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U.S. stocks rise, because…

Summary:

  • U.S. stocks rose for a third straight day on Thursday as comments from several Federal Reserve officials eased fears that the central bank would begin to reduce its stimulus efforts in the near future.
  • Jobless claims decreased to 346,000 from a revised 355,000
  • Household purchases, which account for about 70 percent of the economy, rose 0.3 percent last month
  • The S&P 500 was on track for its best three-day run since January, bolstered by economic data showing a decline in weekly jobless claims and improvements in consumer spending and income.
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June 27, 2013

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