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TMCNet:  Wall Streets opens higher after jobless data in Holiday cheer [ Financial Markets]

[December 26, 2013]

Wall Streets opens higher after jobless data in Holiday cheer [ Financial Markets]

( Financial Markets Via Acquire Media NewsEdge) Wall Street opened higher Thursday, continuing the record-rally after data had showed the U.S. labor market still on a positive improvement. Thursday is the first full day of trading since Monday, following an early close on Tuesday and Wednesday`s Christmas holiday. Volume has been anemic, with many traders away. Nevertheless, markets showed an upward bias. The Dow Jones Industrial Average climbed, with Home Depot and Microsoft leading gains that extended to all but two of its 30 components. The S&P 500 gained, with energy and consumer discretionary leading sector gains and utilities the worst performing among its 10 major industry groups. -The S&P 500 index gained 0.26% to 1838.05 -The Dow Jones Industrial Average gained 0.40% to 16422.50 -The NASDAQ Composite Index inched up 0.26% to 4166.23 . As of 10:19 a.m. ET Shares of, United Parcel Service and FedEx edged higher in early New York trading after the online retailer offered to refund shipping charges after the package-delivery companies said they did not deliver some packages by Christmas amid overwhelming volume. Ahead of Thursday`s open, the Labor Department reported jobless claims fell by 42,000 to 338,000 last week. U.S. markets were closed for the Christmas holiday on Wednesday.

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