Stocks Step Up

Indices ended in the green zone on Thursday. Brands such as Intel, Cisco, Chevron, and McDonald’s stood out among advancers on the Dow. Stocks gained amid a rebound for Apple and budget talks in Washington, D.C. Meanwhile, initial jobless claims decreased last week. The Labor Department said new claims fell by an unexpected 25,000 to 370,000. Economists had anticipated a lesser decline to 380,000. On another note, crude oil futures slipped by $1.86 to settle at $86.02 a barrel. Looking ahead, monthly employment data is set for release tomorrow.

 

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