You can now read 10 articles a month for free. Read as much as you want anywhere and anytime for just 99¢.

Stocks gain after unemployment claims fall

Continue reading below

Encouraging news about the job market and higher profits from CBS, Facebook, and other companies lifted stocks Thursday. The Labor Department said that applications for jobless benefits fell last week to the lowest since January 2008. The decline suggests layoffs are easing and investors see it as a positive ahead of Friday’s monthly employment report. The outlook for global growth also got a boost after the European Central Bank cuts its benchmark interest rate to 0.5 percent. The price of crude oil rose $2.96 to $93.31 a barrel. Investors were also watching earnings on Thursday. General Motors, CBS, and Facebook all rose.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week