Stocks finish choppy session with small gains
NEW YORK AP Stocks ended a mostly indecisive session with modest gains as investor nerves about high prices kept a lid on advances. The Dow rose 18.60 to 9487.80, the Nasdaq gained 3.97 to 1836.22, and the S&P 500 added 2.02 to 1020.24 amid lingering concerns over upbeat data and lofty valuations.
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Jobless claims rise as laid-off workers file now
U S unemployment claims climbed to 399000 for the week ended September 27 as Isabel disruptions eased and applicants finally reached state offices. Separately, U S factory orders fell 0.8 percent in August, a broad but temporary drop, while ISM manufacturing remained in expansion for a third month in September.
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Ashington
Labor Department
U.S
Commerce Department
Institute For Supply Management
Jobless claims rise after Isabel leaves
New applications for unemployment benefits rose by 13 000 for the week ending Sept 27 after Hurricane Isabel. Initial claims edged above 500 000, with about half of the weekly gain from delayed filings due to storm disruptions. Economists had forecast 395 000, and the prior week saw a 15 000 drop from 401 000, largely driven by hurricane-related filing delays.
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Labor Department
House Democrats push overtime rule setback in House vote
The House approved a 221 to 203 measure opposing administration overtime rule changes, signaling opposition in budget talks for a 137.6 billion health education and labor appropriations package. The vote complicates passage and comes as Senate action and a Bush veto threat loom over the policy expanding overtime eligibility to more workers.
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