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Stocks move higher on Wall Street; Best Buy soars

Thursday - 4/4/2013, 4:50pm  ET

Trader Michael Bercovici, left, works on the floor of the New York Stock Exchange Thursday, April 4, 2013. Stocks are notching small gains in early trading after the U.S. government reported that the number of people applying for unemployment benefits rose to the highest level since late November. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stocks are ending higher as the Dow Jones industrial average regains half of what it lost the day before.

The Dow rose 55 points, or 0.4 percent, to close at 14,606 Thursday. It fell 111 points the day before on weak economic reports.

The Standard & Poor's 500 rose six points, or 0.4 percent, to 1,559. The Nasdaq rose six, 0.2 percent, to 3,224.

U.S.-listed shares of Japanese companies rose after Japan's central bank announced aggressive stimulus measures to revive the economy from a two-decade slump.

Best Buy soared 16 percent after announcing a plan to put kiosks for the Korean electronics giant Samsung in its stores.

Three stocks rose for every two that fell on the New York Stock Exchange. Volume was lighter than usual at 3.2 billion shares.


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