The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.
Stocks were up early but fell later. The Dow Jones industrial average finished off 18 points at 13,326. The Standard & Poor's 500 index was up a fraction of a point at 1,432. The Nasdaq composite index fell two to 3,049.
Advancing stocks beat decliners by about 2-to-1. Early numbers show volume was heavier than average, 3.6 billion shares.
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