BUZZ-U.S. STOCKS ON THE MOVE-Apple, J.C.Penney, Avon Products
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U.S. stock indexes rose sharply on Thursday as weekly jobless claims fell and the dollar slid to its lowest in nearly four months amid a choppy bond market. The Dow Jones industrial average was up 1.02 percent at 18,243.96, the S&P 500 was up 0.98 percent at 2,119.06 and the Nasdaq Composite was up 1.26 percent at 5,044.23.
** APPLE INC, $128.7075, +2.14 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, $71.34, +4.36 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...