Stocks rallied on good economic reports and an update on Boeing 787 Dreamliner's nightmare. Here's the Thursday Bloomberg After The Bell Report from the New York Stock Exchange.
American Stock Exchange
2393.72 up 0.63
3136.00 up 18.46
Standard And Poors 500
1480.94 up 8.31
Some improvement on the jobs front as jobless claims fell more than forecast last week to the lowest level in five years. That report and a jump in housing starts helped push stocks higher, the S&P to its highest in nearly five years.
Bloomberg has learned that U.S. officials and Boeing are investigating whether defective batteries from the same batch caused incidents in two 787 Dreamliners that resulted in the planes being grounded worldwide. If that's the case, it could show that the flaw was confined to a small number of 787s rather than an issue with the plane's overall engineering, design or manufacturing.
A Bloomberg exclusive: three Democratic lawmakers sent letters to 14 energy drink makers including Monster and Red Bull, demanding information about the drinks and potential health problems.
eBay and Craiglist have pledged to stop the sale of scalped tickets to President Obama's inauguration after a push from a New York senator. The tickets, meant to be free and marked with the phrase "not for sale," were being offered online for upwards of thousands of dollars.