Wall Street climbs on ECB move, S&P nears 1,600
By Ryan Vlastelica NEW YORK (Reuters) – Stocks advanced about 1 percent on Thursday as data pointed to improved labor market conditions a day before the closely watched payroll report, while the European Central Bank took steps to shore up the euro zone economy. Jobless claims fell sharply in the latest week, dropping to their lowest since the early days of the 2007-09 recession. The data follows a string of underwhelming reports, including a slow rate of growth in factory activity in the United States and China, which added to concerns about the pace of growth going into the April jobs . . .
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