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Dow Jones average climbs with jobs report due this morning

6:33 AM, Oct 5, 2012   |    comments
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NEW YORK (AP) - A more encouraging than expected report on new unemployment claims helped Wall Street to feel more positive in the latest session. That rally will be tested today as the Labor Department releases the more meaningful monthly jobs report.

The Dow Jones industrial average gained 81 points to close at 13,575. Aluminum giant Alcoa led the 30 stocks in the Dow with a 3.3 percent surge.

The Standard & Poor's 500 index climbed 10 points to 1,461. The Nasdaq composite rose 14 points to 3,149.

The job-market report helped drive the yield on the benchmark 10-year Treasury note up to 1.67 percent from 1.62 percent late Wednesday. Traders tend to sell Treasurys following better economic news.






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