BUZZ-U.S. STOCKS ON THE MOVE-Apple, J.C.Penney, Harley Davidson
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U.S. stock indexes rose on Thursday after weekly jobless claims fell to a 15-year low, indicating a strengthening labor market. The Dow Jones industrial average was up 0.95 percent at 18,232.32, the S&P 500 was up 0.84 percent at 2,116.06 and the Nasdaq Composite was up 1.15 percent at 5,039.005.
** APPLE INC, $128.45, +1.94 pct
The iPhone maker is expected to pay a dividend of 52 cents per share on Thursday. Many investors reinvest the dividend in the company's shares.
** SHAKE SHACK INC, $72.31, +5.78 pct
The hamburger chain operator reported a surprise quarterly profit as it raised prices for its hormone- and antibiotic-free burgers, popular with increasingly health-conscious U.S. customers. Same-restaurant sales rose 11.7 percent against estimates of 5.1 percent.
Jefferies raised its price target to $60 from $40, citing the company's "supercharged growth". Continued...