Stock Market Today: Markets Rally for Third Consecutive Day

A decline in jobless claims and other optimistic data points convinced investors to keep their fingers on the 'buy' button Thursday.

Green trading board
(Image credit: Getty Images)

Stocks festooned themselves in green for St. Patrick's Day after a slew of economic data releases backed up Federal Reserve Chair Jerome Powell's recent observation that "this is a strong economy."

Initial unemployment filings for the week ended March 12 dipped to 214,000 – well below estimates for 220,000 and the lowest number of claims since the start of the year. Industrial production slowed in February but still improved 0.5% month-over-month, in line with expectations, while last month's housing starts exceeded economists' estimates by expanding at a brisk 6.8% month-over-month.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.