Stocks Advance

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The New York Sun

NEW YORK (AP) – Wall Street had its second-straight late-day surge Thursday, again propelling the Dow Jones industrials up more than 100 points after solid readings on corporate earnings and the job market calmed some of investors’ anxiety about a tight credit market.

Trading was again volatile, but not to the extreme seen in sessions over the past week. The Dow and the Nasdaq composite mostly stayed in positive territory for much of the session.

Profits from companies like Nokia Corp. came in better than expected, and the Labor Department said jobless claims rose last week by a slightly smaller number than economists predicted. The numbers all helped steady a market that has seen stability in short supply.

According to preliminary calculations, the Dow rose 100.96, or 0.76, to 13,463.33. The Standard & Poor’s 500 index picked up 6.39, or 0.44 percent, closing at 1,472.20, while the Nasdaq composite index rose 22.11, or 0.87 percent, to 2,575.98.

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