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Stocks Are Hitting New All-Time Highs

Sam RoMay 2, 2013, 23:18 IST

We saw an ugly sell-off in the stock markets yesterday. But that's now just a memory.

The Dow is up over 120 points.

The S&P 500 is up over 14 points.

Seconds ago, the S&P 500 cleared its all time high and touched 1,598.58.

This comes in the wake of an initial jobless claims report that suggests the U.S. labor market is in better shape than most had thought.

Claims plunged to 324,000, which is the lowest level since January 2008.