U.S. stocks reach anoher high on improing labour market

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Source: Dukascopy Bank SA
U.S. shares reached another record high close as data showed the applications for jobless benefits dropped to the lowest in six weeks, indicating a recovery of the nation's labour market. The S&P 500 Index advanced 0.2% to 1,544.79. All but two groups edged higher. Financial blue chip companies posted biggest gains among all S&P 500 components, as the financial shares were 0.6% up. Among other top performers was Jds Uniphase Corp., a provider of communications test and measurement solutions and optical products, that rallied 7.6% to $15.23 on improving performance of its peer Ciena Corporation. Chesapeake Energy Corporation surged 5.6% to $20.85 to pace gains in the oil and gas group that jumped 0.2%. Juniper Networks followed with a 5.6% rise, triggering an increase in telecommunications shares. On the downside, Ross Stores slumped 7.5% to $55.23 to cap further rally in consumer services group.

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