Dow up despite bad news

Dow up despite bad news

U.S. stocks nudged up at the opening of trading despite a batch of bad news.

The Labor Department reported Thursday that applications for unemployment benefits applications rose 6,000 last week, more than economists had forecast. The four-week average also rose for the third straight week to 382,000.

Minutes after the opening bell, the Dow Jones industrial average is up 76 points to 12,572. Home Depot Inc. is the top stock in the Dow, up 1.2 percent.

 

Read more in today's Oregonian.