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Midday Market Update

Stocks Rise With Labor Data, ECB in Focus

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U.S. Market
Stocks rose early Thursday despite a jump in U.S. jobless claims and following news that the European Central Bank will soon begin its bond-buying stimulus program.  

Initial jobless claims rose 7,000, to 320,000, for the week of Feb. 22-28, the Labor Department announced, reaching their highest level since May. New applications for unemployment benefits have risen sharply since reaching a 14-year low of 267,000 in late January, suggesting a possible slowdown in the U.S. labor market.

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Adam Zoll does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.