Article posted: 3/7/2013 4:23 PM

Stocks gain for fifth day on unemployment report

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The Dow Jones Industrial Average climbed to another record as the number of Americans who filed for unemployment benefits fell to a six-week low, showing further improvement in the labor market.

ASSOCIATED PRESS

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The Dow pushed further into record territory Thursday, having surpassed its previous all-time high two days ago. The catalyst was the latest evidence that hiring is picking up. Stocks started higher after the Labor Department reported that the number of Americans seeking unemployment aid fell by 7,000 last week, driving the four-week average to its lowest in five years.