The Dow Jones Industrial Average rose back up to 10,018.28 Wednesday, rising 275 points after the United States Department of Labor said initial jobless claims were lower than expected. The report, which showed a modest dip in initial jobless claims, was better than what a poll of economists had predicted. The economists, who were polled by Thompson Reuters , had predicted 465,000 initial jobless claims in the month ending July 3; the number the Labor Department released was 454,000. Also, after the International Monetary Fund raised its 2010 world growth estimate to 4.6\% from 4.2\%, international markets rallied. The S P 500 rallied along with the Dow, up 3.13\% to 1,060.27. However, the Nasdaq stayed flat at 2,159.47.
The rose back up to 10,018.28 Wednesday, rising 275 points after the said initial jobless claims were lower than expected. The report, which showed a modest dip in initial jobless claims, was better than what a poll of economists had predicted. The economists, who were polled by , had predicted 465,000 initial jobless claims in the month ending July 3; the number the Labor Department released was 454,000. Also, after the raised its 2010 world growth estimate to 4.6\% from 4.2\%, international markets rallied. The rallied along with the Dow, up 3.13\% to 1,060.27. However, the stayed flat at 2,159.47.
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United States Department of Labor
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International Monetary Fund
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