U.S. stocks end higher on Bank of Japan stimulus

NEW YORK (MarketWatch) – U.S. stocks resumed an advance Thursday as cheer over Japan’s monetary stimulus overcame resistance that came as U.S. jobless claims climbed to a four-month high. “In the global sense, don’t fight the Fed,” said Tim Leach, chief investment officer of the private client reserve of U.S. Bank Wealth Management, referring to the Bank of Japan’s announcement of aggressive easing measures, which comes along with similar moves by central banks in the United States and Europe. The Dow Jones Industrial Average (DJI JIA) was up 55.76 points, or 0.4%, to 14,606.11. The S&P 500 (SNC:SPX) rose 6.29 points, or 0.4%, to 1,559.98. The Nasdaq Composite (NASDAQ:COMP) gained 6.38 points, or 0.2%, to 3,224.98.