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MUMBAI: US stocks rose on Thursday, snapping a four-day losing streak, after stronger-than-expected retail sales data eased concerns about the economy before Friday's important jobs data. After sharp declines this week, the broad S&P 500 index finished a bove 1,000 as retailers' August sales were complemented by a survey showing improvement in the U.S. services sector.

The Dow Jones industrial average was up 63.94 points, or 0.69 per cent, at 9,344.61. The Standard & Poor's 500 Index was up 8.49 points, or 0.85 per cent, at 1,003.24. The Nasdaq Composite Index was up 16.13 points, or 0.82 per cent, at 1,983.20. The S&P is up about 48 percent from its 12-year closing low on March 9.

The Labour Department is due to release its non-farm payrolls figures on Friday morning, which should shed light on the outlook for the economic recovery. The payrolls report, accompanied by the U.S. unemployment rate for August, will come before a long Labour Day holiday weekend. U.S. financial markets will be closed on Monday.

Prev: Asian indices mixed

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