Bank stocks and the broader markets rose Thursday, helped by a better-than-expected report on jobless claims.

The KBW Bank Index rose 1.01%, the Dow Jones industrial average rose 0.06% and the Standard & Poor's 500 rose 0.35% after the Labor Department said that the number of initial unemployment claims for the week that ended July 4 fell to 565,000. Economists on average had expected 605,000 claims.

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