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The good news is Memorial Day weekend is just a day away. The bad news is travel is going to cost you a lot more. Plus, there's a new sign the housing market is recovering. Here's the Thursday Bloomberg After The Bell Report from the New York Stock Exchange.
Buyers last month snapped up homes at the second highest rate in five years. And the number of fired workers applying for unemployment benefits in the most recent week fell. Both helped U.S. stocks avoid the brunt of a global stock sell-off that was sparked, in part, by a surprise contraction in manufacturing in China.
Teens and other folks looking for summer work, the restaurant industry's in hiring mode, planning to add almost 450,000 jobs this summer. The National Restaurant Association says that's more than last summer, with California, New York, Massachusetts and Texas expected to hire the most.
Now, as we officially kick off summer with Memorial Day this weekend, Triple-A says be prepared for gas prices to go up over the next few days.
And more ads are targeted at people who tweet. Bloomberg's been told Twitter plans to release a tool that makes it easier for advertisers to find their customers who also use the micro-blogging site. Facebook started a similar service last year as social media sites look to make more money off users. Twitter's set a goal of having a billion dollars in sales next year.