Stocks Closed Up amid Jobs Optimism

U.S. stocks closed up on Thursday as a fall in jobless claims increased optimism ahead of a key payrolls report. The Dow Jones Industrial Average added 65.06 points, or 0.37% to 17,763.24 and gained 0.3% over the week. The S&P 500 gained 7.27 points, or 0.35%, to 2,066.96 and booked a 0.3% gain for the week.The Nasdaq Composite was up 6.71 points, or 0.14%, to 4,886.94, but was 0.1% lower for the week.

The fewest Americans in nine weeks filed applications for unemployment benefits, a sign of further strength in the labor market that will continue to support the U.S. expansion. Jobless claims dropped by 20,000 to 268,000 in the week ended March 28, the lowest since the period ended Jan. 24 and second-lowest in at least a year, a Labor Department report showed Thursday in Washington.

Poland plans to join the Asian Infrastructure Investment Bank (AIIB), Deputy Finance Minister Artur Radziwill said on Thursday.

A Vanguard fund managed by Joshua Barrickman is $1 billion away from surpassing Pacific Investment Management Co.’s Total Return fund after clients pulled $7.3 billion from Pimco’s flagship product in March, according to data released Thursday by both money managers.

Barbie doll maker Mattel Inc appointed Christopher Sinclair Chief Executive, two months after he was named interim CEO to replace Bryan Stockton.

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