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N.Y. stocks continue rising on hopes for U.S. economy.

NEW YORK, March 15 Kyodo

New York stocks continued rising Thursday, with the Dow extending its winning streak to seven trading days and closing at its highest level in about four years and three months on hopes of a U.S. economic recovery.

The 30-issue Dow Jones Industrial Average added 58.66 points, or 0.44 percent, to end at 13,252.76, the highest finish since December 2007. The tech-heavy Nasdaq Composite Index went up a further 15.64 points, or 0.51 percent, to 3,056.37.

Stocks drew buying on better-than-expected U.S. jobless claims data last week, market analysts said.

Financial, manufacturing and services issues notably attracted buyers against the backdrop of strong U.S. manufacturing activity data, the analysts said.

The S&P 500 index closed above the 1,400 mark for the first time since June 2008, up 8.32 points, or 0.60 percent, to 1,402.60.
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Publication:Japan Weekly Monitor
Geographic Code:1U2NY
Date:Mar 19, 2012
Words:155
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