US stocks inch higher

11-09-2010

US stocks closed slightly up on Friday as confidence in the US economy grows following a strong drop in jobless claims and better-than-expected wholesale inventory report.

The Dow Jones Industrial Average rose 47.53 points (0.46 percent) to 10,462.77 in closing trades, while the broader S&P 500 index gained 5.37 points (0.49 percent) to 1,109.55 points. The tech-rich Nasdaq composite index was up 6.28 points (0.28 percent) to 2,242.48.


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