{"id":35721,"date":"2012-10-11T10:13:00","date_gmt":"2012-10-11T10:13:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-gain-as-improving-job-market-lifts-sentiment\/35655\/"},"modified":"2012-10-11T10:13:00","modified_gmt":"2012-10-11T10:13:00","slug":"u-s-stocks-gain-as-improving-job-market-lifts-sentiment","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-stocks-gain-as-improving-job-market-lifts-sentiment\/35721\/","title":{"rendered":"U.S. Stocks Gain as Improving Job Market Lifts Sentiment"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>U.S. stocks edged up during early trading hours on Thursday after weekly jobless claims showed a sharp drop, emphasizing the recovery in the U.S. labor market.<\/p>\n<p><span id=\"more-35721\"><\/span><\/p>\n<p>At last check, the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> Industrial Average Index gained 0.31% to 13386.03; the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> Composite Index edged up 0.63% to 3070.91 while the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> Index added 0.57% to 1440.66<\/p>\n<p>A data provided by the U.S. Labor department showed that weekly jobless claims for the week ended October 6 fell by 30,000 to seasonally adjusted rate of 339,000, the lowest level since Feb. 2008. Economists polled by Reuters had forecasted claims to climb to 370,000.<\/p>\n<p>The U.S. trade deficit widened by $44.2 billion in August, according to data provided by the U.S. Commerce Department. The figure was largely in line with economists\u2019 consensual forecast. The report showed that both exports and imports contracted by 0.1%.<\/p>\n<p>Elsewhere in Europe, all major benchmark indexes traded in green territory as the market sentiment rode high after International Monetary Fund\u2019s (IMF) Chief said on Wednesday that Greece should be provided some extra time in order to meet its deficit target. Spain\u2019s benchmark index Ibex 35 also edged up on Thursday, paring initial losses amid growing pressure to request for a bailout. On Wednesday, Standard &amp; Poor cut Spain\u2019s debt rating by a notch. It is widely speculated that a latest downgrade would force the government of Spain to call for a bailout as inaction at this stage will result in sharp increase on its borrowing costs.<\/p>\n<p>In some corporate news, shares of Sprint Nextel Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=S\" target=\"_blank\" rel=\"noopener\">NYSE: S<\/a>) leaped 13% after a report carried in the Wall Street Journal revealed that \u00a0Japan&#8217;s Softbank is in &#8220;advanced&#8221; talks to acquire a $12.8 billion stake in the wireless communications company.<\/p>\n<p>Winnebago Industries Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=WGO\" target=\"_blank\" rel=\"noopener\">NYSE: WGO<\/a>) reported fiscal fourth quarter results that fell short of analysts\u2019 estimations. However, shares edged up almost 2.85%.<\/p>\n<p>Ruby Tuesday Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=RT\" target=\"_blank\" rel=\"noopener\">NYSE: RT<\/a>) fell on Thursday after the company announced fiscal quarter results. Although results matched Street\u2019s expectations, the company projected a lackluster outlook on full-year earnings and same-store-sales.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121113185846\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fu-s-stocks-gain-as-improving-job-market-lifts-sentiment%2F35721&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-in-green-in-mid-day-trading\/37458\">\nU.S. Stocks in Green in Mid-Day Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-mixed-in-early-trading-29\/37455\">\nStocks Mixed in Early Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/saks-incorporated-sks-year-over-year-increase-in-operating-income-and-net-income-for-the-third-quarter\/37435\">\nSaks Incorporated &#8211; SKS &#8211; Year-over-year increase in operating income and net income for the third quarter<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/akamai-akam-to-acquire-verivue\/37436\">\nAkamai &#8211; AKAM &#8211; To Acquire Verivue<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/perkinelmer-pki-acquires-shanghai-haoyuan-biotech\/37437\">\nPerkinElmer &#8211; PKI &#8211; Acquires Shanghai Haoyuan Biotech<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ameco-a-unit-of-fluor-flr-acquires-servitrade\/37438\">\nAMECO, a unit of Fluor &#8211; FLR &#8211; Acquires ServiTrade<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/michael-kors-kors-delivered-record-results-in-the-second-quarter\/37439\">\nMichael Kors &#8211; KORS &#8211; Delivered record results in the second quarter<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121113185846im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks edged up during early trading hours on Thursday after weekly jobless claims showed a sharp drop, emphasizing the 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