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Positive Employment News Drives Stocks Higher

The Dow Jones and other stock market measurements have been on a roller coaste

The U.S. government released its most recent jobless claims report earlier this month, with numbers that were better than analysts expected. That piece of good news is having a trickle-down effect on stock future performance this week, MarketWatch reports. The Dow Jones Industrial Average saw

The U.S. government released its most recent jobless claims report earlier this month, with numbers that were better than analysts expected. That piece of good news is having a trickle-down effect on stock future performance this week, MarketWatch reports. The Dow Jones Industrial Average saw futures rise 18 points, while they jumped 2.1 points on the S&P 500 Index. Futures saw a 7.25 point increase on the Nasdaq 100, the source says.

Some corporations have defied the dark cloud of the Euro crisis and have significantly increased their share prices. Tech companies such as Hewlett-Packard, however, have not done so well. MarketWatch notes that the company dropped 3.4 percent in premarket trading, following an announcement that it's profits had taken a 44 percent nosedive.

"It looks like the market is de-coupling itself from weakness abroad," said Peter Cardillo, chief market economist with Rockwell Global Capital, in comments emailed to the news outlet. "I think the economic data, higher commodity prices and a lower dollar will enhance the risk trade in guiding the market higher."

Dow Jones reports that other positive news that may have contributed to the Thursday climb included a December rise in home prices and a doubling in manufacturing activity in the area overseen by the Kansas City Federal Reserve Bank.