Dow Up 75 on Jobless Data

By Harry Kimball,  Newser Staff
Posted Jun 4, 2009 3:11 PM CDT
Traders work the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Markets edged up today on good unemployment claims and productivity data, the Wall Street Journal reports. But traders appear to be holding out for tomorrow’s employment report, and the rising price of oil continues to worry. “We have to hope it doesn't go to $80,” one trader said. “It was energy that definitely exacerbated things last summer.” The Dow was up 74.96 to 8,750.24. The S&P tacked on 10.70, ending at 942.26. And NASDAQ rose 24.10 to 1,850.02.