U.S. stocks close higher Thursday

New York -- U.S. markets moved ahead Thursday after the Department of Labor said the number of first-time filings for unemployment benefits fell substantially last week.

The government said 29,000 fewer first-time claims were filed in the week ending Feb. 27, compared to the previous week.

By close, the Dow Jones industrial average added 47.38 points, 0.36 percent, to 10,444.14.

The Standard & Poor's 500 index rose 0.37 percent, 4.18 points, to 1,122.97. The Nasdaq composite index of tech-dominated stock rose 0.51 percent, 11.63 points, to 2,292.31.

On the New York Stock Exchange, 1,779 stocks advanced and 1,253 declined on a volume of 3.9 billion shares traded.

The benchmark 10-year U.S. Treasury bill rose 5/32 to yield 3.604 percent.

The euro fell to $1.3578 from Wednesday's $1.3696. Against the yen, the dollar rose to 89.09 yen from Wednesday's 88.42 yen.

In Tokyo, the Nikkei 225 index lost 1.05 percent, 107.42 points, to 10,145.72.

In London, the FTSE 100 index lost 0.11 percent, 6.05, to 5,527.16.

Copyright 2010 United Press International

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