Brands Climb

Brands climbed higher on Thursday. Companies such as Bank of America, JPMorgan Chase and United Technology led Dow advancers. Stocks gained amid a variety of economic news. The Labor Department said initial jobless claims increased by 11,000 to 428,000 last week. On another note, consumer prices jumped up in August. The 0.4% upswing, which exceeded economists’ expectations for a rise of 0.2%, followed growth of 0.5% in July. The core rate held steady at the previous month’s pace of 0.2%. Looking ahead, the University of Michigan will release preliminary consumer sentiment numbers tomorrow.

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