Dow Jones up on joblessness claims

<p>The Dow Jones is up once more.</p>

The Dow Jones is set for a tenth day of gains in a row today (March 14th) on the back of a drop in the weekly US jobless claims.

For the last week and a half, the Dow has recorded a series of record closing highs and this looks set to continue after optimism in the markets was boosted by the jobs data.

"The string of positive US economic surprises continues," Sal Guatieri, an analyst at BMO Capital Markets, told the Associated Press.

Following the jobless news, the Dow Jones industrial average was 0.4 per cent higher at 14,511.

Markets in Europe also reacted strongly, with the UK's FTSE 100 index of leading shares up 0.4 per cent at 6,510.

Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia, recently suggested the Dow's growth could soon be set to slow due to buyers' fatigue.

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