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Posted On: 04/12/2013 10:15:06 AM
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Posted By: testuser
Wall Street gains for fourth day, but weak tech hurts Nasdaq

The ticker symbol for JC Penney is displayed at booth trading stock on the floor at the New York Stock Exchange By Ryan Vlastelica NEW YORK (Reuters) - Stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to new closing highs as positive data on the labor market and an encouraging retail outlook eased recent concerns about economic growth. Despite the S&P 500's gain of 11.7 percent this year, investors have fretted about the pace of recovery, especially after last week's dramatically weak March payrolls report. Jobless claims fell far more than expected in the latest week, dropping to the lower end of the range for the year. ...



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