Wall Street turned higher Thursday, as the U.S. dollar rose to a five-week high against Euro.
The U.S. dollar rose to the highest level in five weeks against the euro on speculation that the Federal Reserve may hold the interest rates firm for the remainder of the year.
In addition, investors were also encouraged, after the U.S. Institute for Supply Management manufacturing index stayed steady in April at 48.6.
Upbeat news buoyed the market, though Exxon Mobil Corp. reported that profit rose 17 percent to 11 billion U.S. dollars during the first quarter, missing profit projections.
The U.S. Labor Department said Thursday claims for unemployment benefits surprisingly rose by 35,000 to 380,000 last week. Economists had expected a smaller increase of 18,000.
The Dow Jones rose 63.67 to 12,883.80. Broader indexes also moved higher. The Standard & Poor's 500 index climbed 7.94 to 1,393.53, and the Nasdaq rose 42.25 to 2,455.05.
Source: Xinhua
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