US STOCKS-Wall St gains on economic data; Cisco boosts techs
* Non-farm productivity rises at fastest pace in 6 years
* Jobless claims drop to 10-month low
* Cisco results lift tech stocks
* Dow up 1.7 pct, S&P up 1.5 pct, Nasdaq up 2.2 pct
* For up-to-the-minute market news, click [STXNEWS/US] (Updates to afternoon, changes byline)
By Angela Moon
NEW YORK, Nov 5 (Reuters) - U.S. stocks jumped on Thursday after a rise in business productivity and a drop in jobless claims lifted investor confidence in the economy, while strong results from Cisco bolstered tech stocks.
U.S. non-farm productivity rose more than expected in the third quarter as companies squeezed more output from a smaller pool of labor, while fewer U.S. workers filed new jobless insurance claims than forecast last week -- hitting a 10-month low. [ID:nN05106320] Continued...
© Thomson Reuters 2009. All rights reserved. | Learn more about Thomson Reuters
