Stocks Rise on Job, Price Data

By Kevin Spak,  Newser Staff
Posted Feb 19, 2009 8:52 AM CST
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)
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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.