Markets had a slight rebound today as as oil prices stepped back from their frenetic upward run. The Labor Department said the number of workers seeking unemployment benefits declined 9,000 last week to 365,000. The market had expected a slight increase.
The Dow rose 24.43, or 0.2 percent, to 12,625.62. The Standard & Poor’s 500-stock index rose 3.64, or 0.3 percent, to 1,394.35, and the Nasdaq composite index rose 16.31, or 0.7 percent, to close at 2,464.58.
Light crude fell $2.36 to settle at $130.81 a barrel.
Microsoft, one of the 30 Dow stocks, added 22 cents to close at $28.47 a share. Boeing, also a Dow stock, also gained 22 cents to end at $81.4.
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