NEW YORK (AP) — Stocks opened higher on Wall Street, pushing the Dow Jones industrial average to new highs, after the government said unemployment claims fell last week.
The Dow rose 38 points, or 0.3 percent, to 14,334 as of 9:52 a.m. Eastern. The Standard & Poor's 500 gained two points, or 0.1 percent, to 1,543. The Nasdaq composite advanced three points to 3,225.
The market got a boost after the Labor Department reported that the number of Americans seeking unemployment aid fell by 7,000 last week, driving the four-week average to its lowest in five years. The drop is a positive sign ahead of Friday's employment report.
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