Financial, health care
stocks pull market higher
n NEW YORK — Stocks closed mostly higher but off their best levels Thursday following three straight days of losses. Investors piled back into financial and health care companies and moved out of industries like technology that had been leading the market.
The Dow Jones industrials rose 58.42, or 0.7 percent, to 8,555.60. The Samp&P 500 index rose 7.66, or 0.8 percent, to 918.37, while the Nasdaq composite index slipped 0.34, or less than 0.1 percent, to 1,807.72.
Jobless roll dips first
time since January
n On the surface, the government seemed to signal Thursday that more Americans are finding jobs: The number of people receiving unemployment aid fell for the first time since early January.
But that doesn’t necessarily mean more companies are hiring. Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically last 26 weeks.
Government figures, in fact, show the proportion of recipients who used up their jobless benefits in May topped 49 percent, a monthly record. The number of people receiving unemployment aid fell by 148,000 to 6.69 million in the week that ended June 6 – the largest drop in more than seven years.
delivers fifth helicopter
n COLUMBUS – American Eurocopter Corp. says it has delivered its fifth AS350B3 helicopter to the U.S. Customs and Border Patrol this year and it’s keeping up with its delivery schedule that calls for almost one helicopter a month.
American Eurocopter is a division of EADS North America, which is a subsidiary of European Aeronautic Defense and Space Co., the world’s second-largest aerospace company.
All the AS350B3 aircraft are being produced at American Eurocopter’s Mississippi facility at the Golden Triangle Airport.
The delivery schedule calls for an initial order of 17 AS350B3s and the company says the $150 million contract may result in orders for a total of 50 AS350B3s.