Rally Continues Thursday - InvestingChannel

Rally Continues Thursday

The rally continued on Wall Street Thursday. According to the Labor Department, initial jobless claims fell by 7,000 to hit 340,000 in the week ended March 2nd. A second report from the Labor Department showed a steep drop off in productivity in the fourth quarter. The deficit rose to $44.4 billion in January, up nearly 17% from December. On the corporate front, the retail sector was in the spotlight with the nation’s largest retailers reporting February sales results. And Boeing rallied to its