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More stock gains...Waiting on more government data

Thursday - 2/28/2013, 7:40am  ET

SEOUL, South Korea (AP) --

NEW YORK (AP) -- Investors are hoping three's a charm on Wall Street today. Yesterday, the Dow Jones industrial average rose sharply for a second straight day, closing within 89 points of its all-time high. The Dow was up 175 points, closing at 14,075. That's 290 points in the past two days. The S&P 500 index gained 19 points yesterday. The Nasdaq composite rose nearly 33 points. Futures trading suggests more gains this morning.

SEOUL, South Korea (AP) -- International stock markets rose today as positive economic indicators and the nomination of a pro-stimulus Bank of Japan chief bolstered hopes for faster growth. Benchmark crude oil fell below $93 per barrel. The dollar was almost flat against the euro and gained against the yen.

WASHINGTON -- There are some important economic indicators due out today. The Labor Department releases weekly jobless claims and the Commerce Department reports on the fourth-quarter gross domestic product. Also today, mortgage giant Freddie Mac releases weekly mortgage rates.

WASHINGTON (AP) -- The Senate has confirmed Jacob Lew to be Treasury secretary, affirming President Barack Obama's choice of a budget expert at a time when Congress and the White House are at odds over sharp government spending cuts. Lew had most recently served as Obama's chief of staff. He succeeds Timothy Geithner.

DETROIT (AP) -- Chrysler says it's adding 1,250 new jobs at transmission and metal casting factories in the Kokomo, Indiana, area. The company is investing $162 million in the area to build fuel-efficient eight- and nine-speed automatic transmissions.


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