U.S. STOCKS ADVANCE ON HOPE FOR GLOBAL REBOUND
U.S. stocks climb broadly on Thursday after reports that jobless
claims fell in the U.S. and international manufacturing expanded both
in Asia and Europe.
JOBLESS CLAIMS FALL 6,000 IN LATEST WEEK
The number of people applying for unemployment benefits falls 6,000 in
the week ended March 27 to a seasonally adjusted 439,000, the Labor
Department reports.
U.S. ISM MANUFACTURING INDEX RISES TO 6-YEAR HIGH
The U.S. manufacturing sector expands for an eighth straight month in
March, boosted by stronger orders and production, the Institute for
Supply Management reports.
DOLLAR RISES TO SEVEN-MONTH HIGH VERSUS YEN
The U.S. dollar rises to a seven-month high versus the Japanese yen,
though it fell against other currencies, as investors sorted through
global economic data that signaled the recovery was picking up pace.
RIM SHARES FALL ON WORRIES ABOUT REVENUE, OUTLOOK
Research In Motion Ltd. saw its shares fall Thursday morning after the
wireless device maker reported disappointing revenue and unit
shipments for the fourth fiscal quarter.
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