November 25, 2009 / 3:23 PM / 8 years ago

REFILE-US STOCKS-Stocks rise on jobs data, but durables offset

(Refiles to fix typo in quote in paragraph 4 to read ‘question mark’)

* Jobless claims fall, durable goods unexpectedly down

* Consumer sentiment, home sales rise in new data

* Tiffany rises after results, outlook

* Indexes up: S&P 0.2 pct, Dow 0.2 pct, Nasdaq 0.3 pct

* For up-to-the-minute market news, click [STXNEWS/US]

(Adds data, updates prices)

By Ryan Vlastelica

NEW YORK, Nov 25 (Reuters) - U.S. stocks rose on Wednesday, lifted by positive data on the labor market and housing sector, considered two of the biggest headwinds facing the economy.

The number of workers filing claims for jobless benefits fell by a surprisingly large amount in the last week, while new home sales and consumer sentiment ticked higher, according to government data.

But October durable goods orders fell unexpectedly, limiting stock gains. For details, see [ID:nN25346193]

“The jobless number is good news. It’s nice to see claims falling,” said Subodh Kumar, chief investment strategist at Subodh Kumar & Associates in Toronto. “However, we were hoping to see improvement on the industrial side. But that’s a question mark after the durable goods data.”

The Dow Jones industrial average .DJI rose 15.80 points, or 0.15 percent, to 10,448.53. The Standard & Poor’s 500 Index .SPX added 2.24 points, or 0.22 percent, to 1,107.89. The Nasdaq Composite Index .IXIC gained 6.39 points, or 0.29 percent, to 2,175.57.

Tiffany & Co (TIF.N) rose 4.1 percent to $43.56 after the luxury retailer reported third-quarter earnings that beat expectations and raised its full-year profit view. [ID:nN25324014]

Deere & Co (DE.N) fell 0.5 percent to $52.07 after the world’s largest maker of tractors and harvesters reported a quarterly net loss and provided a disappointing first glimpse of 2010. [ID:nN25342884].

Editing by Jeffrey Benkoe

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