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NEW YORK http://www.officialraptorsproshop.com/kids-pascal-siakam-raptors-jersey/ , May 14 (Xinhua) -- U.S. stocks ended sharply higher Thursday, with all the three major indices rising over 1 percent, as mixed economic data suggested that the Federal Reserve may delay interest rate hikes despite a solid labor market.
The Dow Jones Industrial Average jumped 191.75 points, or 1.06 percent, to 18,252.24. The S&P 500 advanced 22.62 points http://www.officialraptorsproshop.com/kids-og-anunoby-raptors-jersey/ , or 1.08 percent, to 2,121.10. The Nasdaq Composite Index soared 69.10 points, or 1.39 percent, to 5,050.79.
In the week ending May 9 http://www.officialraptorsproshop.com/kids-norman-powell-raptors-jersey/ , the advance figure for seasonally adjusted initial jobless claims was 264,000, a decrease of 1,000 from the previous week's unrevised level of 265,000, the U.S. Labor Department said Thursday.The four-week moving average was 271 http://www.officialraptorsproshop.com/kids-malachi-richardson-raptors-jersey/ ,750, a decrease of 7,750 from the previous week's unrevised average of 279,500. This is the lowest level for this average since April 22, 2000, when it was 266 http://www.officialraptorsproshop.com/kids-lucas-nogueira-raptors-jersey/ ,750.
Meanwhile, the Producer Price Index for final demand fell 0.4 percent in April, the U.S. Labor reported Thursday. Final demand prices moved up 0.2 percent in March but decreased 0.5 percent in February.
"It was the seventh drop in nine months and has taken year-over- year prices deep into negative territory. Given recent price data on both a producer and consumer level, the Fed will find it hard to explain its concerns about wage inflation when current price measures remain on a downward trajectory," said Jay Morelock, an economist at FTN Financial http://www.officialraptorsproshop.com/kids-kyle-lowry-raptors-jersey/ , in a note.
Investor sentiment was also boosted by the further weakness in the U.S. dollar, which held near its lowest level since January against a currency basket Thursday. The dollar index was down 0.17 percent at 93.454 in late trading.
In late New York trading, the euro rose to 1.1399 dollars from 1.1356 dollars in the previous session, while the greenback bought 119.22 Japanese yen, higher than 119.13 yen of the previous session.
The technology sector led gains in the S&P 500's ten sectors as tech stocks such as Apple, Microsoft and IBM advanced.
Microsoft shares rose 2.30 percent to 48.72 dollars apiece after Deutsche Bank upgraded the stock to "buy" from "hold http://www.officialraptorsproshop.com/kids-kawhi-leonard-raptors-jersey/ ," noting that "investor enthusiasm about Azure and Office 365 is just starting to kick in."
However, Cisco Systems Inc. fell 1.02 percent to 29.05 dollars a share Thursday even after reporting better-than-expected third quarter results for the period ending April 25, 2015. The tech giant announced its quarterly revenue of 12.1 billion dollars, net income on a generally accepted accounting principles basis of 2.4 billion dollars or 0.47 dollars per share.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, fell 7.41 percent to end at 12.74 Thursday.
In other markets http://www.officialraptorsproshop.com/kids-kj-mcdaniels-raptors-jersey/ , oil prices dropped Thursday as worries persisted that global supply might surpass demand.
Light, sweet crude for June delivery lost 62 cents to settle at 59.88 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery moved down 22 cents to close at 66. 59 dollars a barrel.
Gold futures on the COMEX division of the New York Mercantile Exchange rose Thursday as a weaker U. S. dollar gave support to the precious metal.
The most active gold contract for June delivery added 7 dollars, or 0.57 percent, to settle at 1,225.20 dollars per ounce.
UNITED NATIONS, May 12 (Xinhua) -- A concert in Miami, the U.S. state of Florida, has raised more than 230,000 U.S. dollars for Ecuador's earthquake victims, a UN spokesman said here Thursday.
Wednesday's show, "Ecuador Aqui Estoy" (Ecuador, I am here for you), featured more than 20 Latin music artists, including names like Carlos Vives, Chayanne and Franco De Vita.
More than 5,500 people attended the concert, which was supported by many outlets and included a fund-raising campaign through text messages, UN spokesman Stephane Dujarric said at a daily news briefing.
The money will be managed by the UN Development Programme to support impacted communities in Ecuador, Dujarric said.
The 7.8-magnitude quake struck Ecuador on the night of April 16. As of last week, 658 people were killed and 27,638 others injured, according to official figures.
A total of 1.9 million people have been affected, including an estimated 350,000 people in need of assistance.
SYDNEY http://www.officialraptorsproshop.com/kids-jonas-valanciunas-raptors-jersey/ , Oct. 13 (Xinhua) -- The authorities have evacuated homes and businesses in the Queensland town of Toowoomba while bomb experts investigate a device found outside of a liquor store in the early hours of Tuesday morning.
A Queensland police spokesperson told Xinhua on Tuesday while they cannot confirm what the device is, it is being treated as suspicious with specialist police and the bomb squad currently on the scene.
The authorities were called to the area at 5:20 a.m. local time on Tuesday after a delivery driver reported seeing the device.
The Australian authorities have remained on high alert since 2014 following a spate of terror related incidents in the country, including the shooting of New South Wales police accountant Curtis Cheng by a radicalized 15-year-old boy in early October.
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