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MarketWatch - Friday, Dec. 27, 2013

CBSNews -- Six straight days and the Wall Street rally continues. This time on news that the number of people applying for unemployment fell by 42,000 last week -- that's the sharpest drop since November of 2012.
CBSNews -- Six straight days and the Wall Street rally continues. This time on news that the number of people applying for unemployment fell by 42,000 last week -- that's the sharpest drop since November of 2012.

But Saturday marks the last day of federal unemployment benefits for 1.3 million out of work Americans.

The program was extended during the recent recession - benefits are now returning to pre-recession timelines.

Trading was light, but stocks soared with the Dow Jones Industrial Average hitting it's 50th record high of the year.

The Dow gained 122

The NASDAQ gained 12

A Connecticut lawmaker wants UPS to refund customers whose packages didn't arrive on time. As the result of a system overload this holiday season thousands of UPS packages were delayed.

Senator Richard Bloomenthal says people who didn't receive their gifts in time should get their money back for being left quote empty handed.

A UPS spokesperson says that while refunds are standard for delayed packages the company suspended the policy for items shipped after December 10th due to poor weather and a shortened holiday shopping season.

In spite of the time crunch Mastercard advisors spending pulse says retail sales between November 1 and December 24 rose 2.3 percent. That bucks concerns of weaker spending this holiday season.


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