Nasdaq Composite Index and Labor Department

Dow Jones Industrial Average: The S&P 500 gained 7.85 points, or 0.38 percent, to 2,088.00, according to Xinhua China. The Nasdaq Composite Index was up 25.90 points, or 0.53 percent, to 4,945.54. The Dow Jones Industrial Average added 82.08 points, or 0.46 percent, to 17,924.06. In the week ending May 2, the advance figure for seasonally adjusted initial jobless claims was 265,000, an increase of 3,000 from the previous week unrevised level of 262,000, the Labor Department said Thursday. This is the lowest level for this average since May 6, 2000 when it was 279, 250. The 4-week moving average was 279,500, a decrease of 4,250 from the previous week unrevised average of 283,750. (news.financializer.com). As reported in the news.