Markets Close Higher As Job Claims Drop

The markets closed higher as new applications for unemployment benefits dropped. The Dow traded briefly above its record close of 11,722 then retreated to close at 11,718, up 29 points. Nasdaq gained 7 points to 2270 while S&P 500 added 3 points to 1339. The 30-year bond eased as the yield rose to 4.767%.