Stocks close higher ahead of jobs report

Austin American-Statesman - - BUSINESS -

Stocks closed higher on Thurs­day a day ahead of the key monthly jobs report, with a re­bound in Ap­ple’s shares help­ing to boost the Nas­daq.

The Dow Jones in­dus­trial av­er­age rose 0.3 per­cent to end at 13,074.04. The Stan­dard & Poor’s 500-stock in­dex gained 0.3 per­cent as well, and the Nas­daq com­pos­ite in­dex ended up 0.5 per­cent.

Monthly pay­roll num­bers, to be re­leased by the La­bor De­part­ment on Fri­day, were ex­pected to show a sharp slow­down in jobs growth be­cause of Hur­ri­cane Sandy.

The S&P tech­nol­ogy in­dex was the best per­form­ing of the 10 ma­jor sec­tors, gain­ing 0.4 per­cent. Ap­ple was up 1.6 per­cent af­ter los­ing as much as 3.7 per­cent at the open. The stock suf­fered its big­gest one-day drop in four years on Wed­nes­day due to con­cerns about higher cap­i­tal gains taxes in 2013 and its share in the tablet mar­ket.

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