December 26, 2013 -- 4:15 p.m. ET - 12/26/13
Stocks rose on Thursday to extend Wall Streets recent winning streak. The Dow climbed 122 points to a record level of 16479. The S&P 500 hit a new all-time high, gaining 9 points to 1842. The NASDAQ advanced 12 points to close at 4167. The major averages finished firmly in positive territory following a better-than-expected update on the labor market. Before the open, weekly jobless claims fell 42,000 to 338,000, versus projections for a decline to 345,000. Shares of Twitter rallied 4.8% to $73.31. Tesla Motors advanced 2.7% to $155.50 on reports it was looking at adding more showrooms in China next year. Wireless provider T-Mobile was up 2.3% to $32.93 amid speculation Japans Softbank was in talks to acquire the company. eBay was down 2.0% to $54.06 following data that showed a slowdown in sales. Nine of 10 sectors in the S&P 500 were up on the session. Energy and industrials were the best performing groups. Exxon rose 1.7% to $100.90. Shares of Boeing climbed 1.1% to $138.27. Utilities sat out the market advance. Shares of PG&E slipped 1.2% to $40.56. Breadth was positive on the NYSE by 8-7 on issues and 2-1 on volume. NYSE Composite volume totaled more than 1.9 billion shares. Over at the NASDAQ, advancers beat decliners by a 10-9 margin on issues; 8-7 on volume. Treasuries declined on the session with the 10-year note down 3/32 to yield 2.99%.