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Stocks climb after stronger job numbers

October 11, 2012 RSS Feed Print

NEW YORK (AP) — Stocks are opening higher after better-than-expected job numbers.

The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.

On Wall Street, the Dow Jones industrial average is up 62 points just after the opening bell at 13,406. That's after three days of declines.

The Standard & Poor's 500 index is up eight points in the early going at 1,440. The Nasdaq composite index is up 23 at 3,075.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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