Dow soars 423 points on economic news

(AP) - Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into

NEW YORK - (AP) - Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into another recession.

Fewer Americans joined the unemployment line last week, and atechnology bellwether said revenue could grow faster this quarterthan analysts expected. The news is pushing down prices onlong-term Treasurys down, and gold is down from its record high.

The Dow Jones industrial average is up 423 points Thursday, or3.9 percent, to 11,143. It's the first time the Dow has ever hadfour straight 400-point days.

The S&P 500 is up 51, or 4.6 percent, to 1,173. The Nasdaq is up111, or 4.7 percent, to 2,493. All three major U.S. stock indexesare down at least 1.6 percent for the week.

Stocks plunge as attention returns to weak economyDow rallies after Fed statement, up 429 points Wall Street takes a dive on first day after downgradeU.S. downgrade raises anxiety, if not interest ratesS&P downgrades U.S. credit rating from AAA

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