Stocks Higher In Morning Trade

(Undated) — Stocks are higher in late morning trade today. The Dow was up 270 points, the S&P 500 rose 30 points, and the Nasdaq climbed 77 points. Oil is bouncing back from a weak close yesterday and precious metals such as gold and platinum were falling. The markets are climbing despite the Labor Department’s report on weekly jobless claims. It shows a rise from last week, but claims still remained near multi-year lows.