Stocks climb after stronger job numbers

October 11, 2012 - 10:34 AM

NEW YORK (AP) — Stocks are opening higher after better-than-expected job numbers.

The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.

On Wall Street, the Dow Jones industrial average is up 62 points just after the opening bell at 13,406. That's after three days of declines.

The Standard & Poor's 500 index is up eight points in the early going at 1,440. The Nasdaq composite index is up 23 at 3,075.