Stocks Flat as Jobless Ranks Grow

By Kevin Spak,  Newser Staff
Posted May 14, 2009 8:53 AM CDT
A pair of traders meet at a phone post on the floor of the New York Stock Exchange Monday, May 4, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks crept slightly higher today, with the Dow up 22 points and the Nasdaq and S&P up 10.42 and 2.48 respectively. Wal-Mart gained 1% on an earnings report precisely in line with expectations, and Kohl’s better-than-expected number sent it up 2%. But any optimism was offset by a 32,000 jump in jobless claims. A record 6.56 million are now drawing unemployment benefits.