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Dow jumps 250 points amid solid economic data, rising for a fourth straight day



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U.S. stocks rose on Thursday, building on a three-day winning streak, as investors assessed a new batch of corporate earnings and economic data.The Dow Jones Industrial Average gained 250 points. The S&P 500 climbed 0.5%, supported by energy and financials. The Nasdaq Composite rose 0.5%.A better-than-expected jobless claims report helped boost sentiment. First-time claims for unemployment insurance totaled 779,000 for the week ended Jan. 30, below the 830,000 estimate from economists surveyed by Dow Jones.Thursday’s labor market data showed “further momentum” in the economic recovery, “driving another blast of ‘risk-on’ into equities,” Charlie McElligott, equity derivatives strategist at Nomura, said in a …

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