By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks rose Thursday, with the
Dow industrials rebounding from their longest slide in more than a
year, amid upbeat economic reports both in the U.S. and
overseas.
The Dow Jones Industrial Average (DJI) advanced 45.24 points, or
0.3%, to 14,942.79.
Energy and financials paced sector gains on the S&P 500
index (SPX), up 10.23 points, or 0.6%, at 1,653.03.
The Nasdaq Composite (RIXF) gained 30.43 points, or 0.9%, to
3,630.45.
For every share declining, more than four gained on the New York
Stock Exchange, where 115 million shares traded as of 10:15 a.m.
Eastern. Composite volume cleared 538 million.
Hewlett-Packard Co. (HPQ) declined 13% after the Dow component
and personal-computer maker's quarterly profit outlook
disappointed.
GameStop Corp. (GME) rallied 15% after the video-game retailer
hiked its 2013 profit outlook. The stock was the biggest S&P
500 gainer.
Abercrombie & Fitch Co. (ANF) sank 17%, making it the worst
S&P 500 performer, after the retailer reported second-quarter
earnings beneath market expectations.
Applications for jobless benefits fell to a more-than five-year
low during the past month, illustrating ongoing improvement in the
U.S. labor market, the government reported.
Separate data had U.S. house prices climbing 7.7% year-over-year
in June, and up 0.7% from May, the Federal Housing Finance Agency
said.
The Conference Board's index of economic indicators rose 0.6% in
July to 96.0, slightly above estimates.
Economic reports from overseas had Germany pacing gains in
manufacturing and services in the euro zone, and a measure of
factory productivity expanded in China.
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