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Stocks mostly higher as US job market improves

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Stocks mostly rose, on news that the number of people seeking unemployment benefits fell last week to a three-month low. The S&P 500 set a record high for a third time this week. Weeks of data had showed the US recovery slowing because of severe weather. ‘Investors are putting more weight on the data that makes sense’ and ignoring data distorted by harsh weather, said Kate Warne, at Edward Jones. Staples fell the most of any stock in the index, 15.3%; it’s about to close a tenth of its stores. Nearly half of its sales are now online. Two days ago, RadioShack said it would close as many as 1,100 stores as it restructures the ailing company.

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