The bond and stock markets rallied Thursday after the Commerce Department reported higher-than-expected unemployment insurance claims for the week ended Jan. 4.

The Standard & Poor's bank index rose 0.29%, and the Dow Jones industrial average climbed 1.16%. The S&P 500 gained 0.86%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.