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THURSDAY, NOVEMBER 26, 2009
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Stocks Rise on Job, Price Data

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(Newser) – Stocks climbed at the open, following jobless claims and wholesale price reports that, for once, didn’t contain any nasty surprises. The Dow was up 35 points, while the Nasdaq and S&P each rose about 0.8%. The producer-price index rose 0.8% in January, reflecting a widespread rise in wholesale prices. Meanwhile, the level of new jobless claims remained constant, though the number of workers drawing unemployment benefits for more than a week hit a new record.

Banc of America specialist Daniel O'Donnell, right, talks to fellow traders on the floor of the New York Stock Exchange Wednesday, Feb. 18, 2009, in New York.
Banc of America specialist Daniel O'Donnell, right, talks to fellow traders on the floor of the New York Stock Exchange Wednesday, Feb. 18, 2009, in New York.   (AP Photo/Henny Ray Abrams)
Daniel Ryan Jr. of DRD Securities talks on the phone on the floor of the New York Stock Exchange, Tuesday, Feb. 17, 2009, in New York.
Daniel Ryan Jr. of DRD Securities talks on the phone on the floor of the New York Stock Exchange, Tuesday, Feb. 17, 2009, in New York.   (AP Photo/Henny Ray Abrams)
Elizabeth Rose, left, and Thomas Bishop, both of Barclays Capital, work on the floor of the New York Stock Exchange Wednesday, Feb. 18, 2009, in New York.
Elizabeth Rose, left, and Thomas Bishop, both of Barclays Capital, work on the floor of the New York Stock Exchange Wednesday, Feb. 18, 2009, in New York.   (AP Photo/Henny Ray Abrams)
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