MARKET PULSE-J.C. Penney, Hertz, USA Truck, Eli Lilly, Flow International
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rose on Thursday after upbeat job market data and following five days of declines, with investors still focused on the possible economic impact of an ongoing impasse in budget and debt negotiations in Washington. The Dow Jones industrial average rose 88.11 points, or 0.58 percent, to 15,361.37, the S&P 500 gained 8.64 points, or 0.51 percent, to 1,701.41 and the Nasdaq Composite added 30.712 points, or 0.82 percent, to 3,791.81.
** J.C. PENNEY CO INC, $11.09, up 10 pct (11:35 a.m. ET)
J.C. Penney Chief Executive Myron Ullman, responding to concerns about the company's liquidity, said he does not expect the retailer to need to raise cash this year. J.C. Penney shares, which fell in early trading, rebounded to rise 6 percent after CNBC reported Ullman's comment, citing a source.
** HERTZ GLOBAL HOLDINGS INC, $22.39, down 11 pct (09:31 a.m. ET)
** AVIS BUDGET, $29.04, down 3.5 pct
No.2 U.S. car rental company Hertz cut its full-year revenue forecast due to weaker-than-expected airport car rental volumes in the United States, the company's biggest business.
Shares of rival Avis Budget also fell on the news.