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(ICIS) -- North American chemical stocks
surged on Thursday, with several outperforming the overall market as the Dow
Jones Industrial Average rose by 423. The index reached 11,143.31, up 3.95%.
The jump followed a report issued by the US Department of Labor, which
showed that unemployment claims for the week ended 6 August fell 7,000 to reach
395,000. The figure is seasonally adjusted.
The four-week moving average was 405,000, down 3,250 from the previous
week's revised average of 408,250, the department said.
The rise in the Dow Jones sent several chemical stocks soaring. In the
past few days, chemical stocks have been outperforming the average during its
wild swings up and down.
mrcplast.com
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