US STOCKS SNAPSHOT-Nasdaq up 2 pct on data, Cisco

Thu Nov 5, 2009 10:49am EST
 
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NEW YORK, Nov 5 (Reuters) - U.S. stocks extended gains on Thursday, with the Nasdaq rising more than 2 percent, after upbeat productivity data and stronger-than-expected quarterly profit from Cisco Systems Inc (CSCO.O).

Business productivity grew at the fastest pace in six years and applications for jobless insurance fell to a 10-month low. [ID:nN05106320]

The Dow Jones industrial average .DJI rose 181.00 points, or 1.85 percent, to 9,983.14. The Standard & Poor's 500 Index .SPX gained 16.94 points, or 1.62 percent, to 1,063.44. The Nasdaq Composite Index .IXIC jumped 45.18 points, or 2.20 percent, to 2,100.70.

(Editing by Jeffrey Benkoe)

 

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