US stocks reach record highs amid drop in jobless claims

Global stocks plunge over doubts of America's economic recoveryIn the wake of a slew of new economic statistics, U.S. stocks moved higher on Thursday, lifting the Dow Jones Industrial Average and the S&P 500 to new highs. According to the Labour Department, initial unemployment claims fell marginally last week as the U.S. labour market continues to rebound from last year’s slump. Last week, […]

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