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|NEW YORK Nike Huarache Triple Black , Dec. 26 (Xinhua) -- U.S. stocks rallied Thursday after Christmas, with the Dow Jones Industrial Average and the S&P 500 extending their record run, as investors showed little intention to cash in gains following better than expected jobs data.
The blue-chip Dow advanced 122.33 points, or 0.75 percent, to 16,479.88. The S&P 500 gained 8.70 points Nike Huarache White , or 0.47 percent, to 1, 842.02. The Nasdaq Composite Index added 11.76 points, or 0.28 percent, to 4,167.18.
After successive record advances recently Nike Huarache Black , both the Dow and S&P 500 were on track for the best percentage gain year in over one and a half decades. While the Nasdaq notched a highest level, not seen since September 2000.
The number of Americans who initially applied for jobless benefits dropped 42,000 to 338,000 in the week ending Dec. 21, the Labor Department said Thursday.
Responding to the encouraging data, the U.S. 10-year Treasury yield pierced through 3 percent for the first time since September Nike Huarache , triggered by the speculation that the U.S. Federal Reserve may step up an exit from its massive bond buying program following a string of upbeat economic data.
The volume of the U.S. stock market is expected to be low in the Christmas holiday shortened week, with many traders off work, which would amplify market volatility.
Wall Street is likely to see a "Santa Claus" rally in December, with continued upward momentum, as there seems to be an absence of headwinds toward the end of this year.
In overseas markets, the Japanese stock market marched higher to a six-year high Thursday Cheap Nike Air Huarache , one day after its benchmark index Nikkei ended above 16,000 points for the first time since 2007.
However, the Chinese stock market snapped its three-day rally Thursday, with the benchmark Shanghai Composite Index losing 1.58 percent, after a report from China's State Council said Wednesday that the country's economic growth is likely to stand at 7.6 percent this year, slightly lower than 7.7 percent last year.
In corporate news Nike Air Huarache Sale , shares of United Parcel Service (UPS) edged up 0.20 percent to 104.67 U.S. dollars, while FedEx Corporation shares ticked up 0.92 percent to 143.30 dollars. Both companies are scrambling to deliver delayed Christmas packages that flooded in ahead of the holiday and exceeded their capacity.
US president-elect Donald Trump said in an interview Sunday that his executives would run his business empire alongside his children, pushing back against charges that his vast real estate holdings would pose a conflict of interest for him in the White House.
Trump has said he will leave day-to-day control of his business but has not yet offered details of how he intends to separate himself. He is planning to hold a news conference on Thursday to discuss the future of his company.
In an interview with "Fox News Sunday," Trump said he would not be "doing deals at all."
"My executives will run it with my children. It's a big company, it's a great company. But I'm going to have nothing to do with management," Trump said. He also noted that when he ran for president Nike Air Huarache All Red , "everybody knew that I was a very big owner of real estate all over the world."
But in a sign of how Trump continues to play a role with his company while he fills out his Cabinet, the incoming president said he had turned down "seven deals with one big player, great player, last week because I thought it could be perceived as a conflict of interest."
Since his victory last month, government ethics lawyers have pressured Trump to sell his assets and put the money in a blind trust overseen by an independent manager not related to him. They contend that approach is the only way to avoid conflicts between his sprawling business holdings of roughly 500 companies in more than a dozen countries and his work as president.
Trump owns golf clubs, office towers and properties in several countries and has struck licensing deals for use of his name on hotels and other buildings around the world. One of Trump's lenders Nike Air Huarache All White , Deutsche Bank, is in settlement talks with the Justice Department over its role in the mortgage blowup that sparked the 2008 financial crisis.
Presidents are not required to set up blind trusts. While federal ethics rules place strict limits on nearly all government employees and elected officials, the rules do not apply to the president.
Trump, in the interview, gave no indication that he was considering taking steps to sell assets or create a blind trust. The Trump Organization has said previously that the future president intends to transfer control of the company to his three adult children.
Asked about his children's roles, Trump said Nike Air Huarache All Black , "It's totally different. They're not president." He added that his children are "not making deals either, for my company."