S&P 500 index rallies on jobs data

Source: Dukascopy Bank
S&P 500 index rallied on Thursday as investors anticipated news the jobless claims fell to a three-year record low in January while housing starts surged. US benchmark jumped 1.1% or 14.81 points and finished at 1,358.04 with all 10 sectors posting gains. J.M. Smucker tumbled 8% after its net income and revenue missed estimates. The company raised prices for Jif peanut butter and faced a 10% drop in sales. Nettapp rocketed 7% and Cisco Systems Inc added 1.4% after beating earnings estimates. 



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