U.S. stocks rose on Thursday midday round. Economic data released the morning investors saw some reasons for optimism.
At 11:22 on December 16 EST, the Dow Jones industrial average rose 32.51 points to 11,489.98 points, or 0.28%; the Nasdaq composite index rose 16.07 points to 2,633.29 points, or 0.61%; the S & P 500 Index rose 5.65 points to 1,240.88 points, or 0.46%.
Institutional investors, chief investment strategist at Davidson Companies Fred - Dixon (Fred Dickson) said on Friday will be the four options and a futures expiration date, before the market may be more volatile.
Industrial sector outperform. Dow 30 industrial stocks, 15 stocks were down.
Package delivery company FedEx (FDX) shares rose 1.8%, the company's second-quarter earnings consistent with the lower limit of its forecast range, but below analyst expectations. FedEx and its rival United Parcel Service (UPS) are regarded as the economic situation of the market benchmark, because the two companies freight services cover a very wide range of industries. UPS rose 1.4%.
Economic data plane, today's employment market data is encouraging. The Labor Department reported the week ending December 11 initial claims for unemployment benefits fell by 3,000, to 42 million people. Data from 42.1 million the previous week were revised up to 42.3 million. Economists surveyed by Dow Jones Newswires had expected claims for unemployment benefits last week increased the number of 4000.
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