News Summary: Good news gives stock market a lift

News Summary: Stocks rise sharply; Gannett jumps after deal to acquire Belo

Associated Press

UP ONE DAY: Good news about hiring and spending helped send the U.S. stock market sharply higher Thursday. All 10 industry groups within the S&P 500 rose, led by retailers and other consumer-discretionary companies.

JOBS: The government said the number of Americans seeking unemployment benefits fell to 334,000, below what economists had expected.

FINAL SCORE: The Standard & Poor's 500 index gained 23.84 points, or 1.5 percent, to 1,636.36. The Dow Jones industrial average rose 180.85 points, or 1.2 percent, to 15,176.08. Both market measures are still down for the week.

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