• Business News
Oil prices rise after US supply report
Oil prices rise after US supply report

Oil prices climbed to near $99 per barrel Wednesday following …

European agency orders global check on A380 wings
Cracks found inside jet wings

Europe's air safety authority ordered checks Wednesday on the …

Hundreds of flights canceled in French strike
Hundreds of flights canceled in strike

Air France canceled up to 40 percent of its long-distance …

2.1 million viewers watched live stream of Super Bowl online
2.1M watched Super Bowl online

That's a small fraction of the record 111.3 million viewers …

Getting caffeine fix as easy as taking deep breath
Caffeine fix as easy as taking a breath

Move over, coffee and Red Bull. A Harvard professor thinks the …

Advertisement

A big rally on wall street

Updated: Thursday, 05 Nov 2009, 11:55 PM EST
Published : Thursday, 05 Nov 2009, 6:46 PM EST

(WWLP) - A day of triple digit gains for the big board, with the Blue Chips tacking on about 2%.

The Dow added 204 points, and the NASDAQ added 48 points.

Shoppers spent a bit more at retail stores last month.

The result was the second straight monthly sales gain, after more than a year of decline.

Retail sales rose more than two percent, which was the industry's strongest performance since July 2008.

Also, the number of newly laid-off workers filing for unemployment benefits dropped last week.

It fell to the lowest level in 10 months, with first-time claims for jobless benefits dropping by 20,000 last week.

Meantime, companies are finding ways to do more with fewer workers.

Employers are becoming more efficient with their leaner workforces, but wages are slipping, or staying flat.

The result is that worker productivity jumped at the fastest pace in six years.
 

  • Comments (Login Not Required)

 

Advertisement
Advertisement