Financial Times FT.com

Wall St lifted by earnings and jobs data

By Samantha Pearson in New York

Published: October 8 2009 14:01 | Last updated: October 8 2009 21:26

US stocks pushed higher on Thursday after encouraging jobs data and positive results from Alcoa, the country’s biggest aluminium producer, raised investors’ hopes about the pace of economic recovery.

The number of Americans filing fresh claims for unemployment benefits dropped to 521,000 from a revised 554,000 in the previous week. Analysts had been expecting initial jobless claims to only drop to 540,000 last week.

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