U.S. stocks continue to rise in Thursday, with the standard and Poor's 500 index at record highs

Despite the latest data showing a 1% per cent contraction in U.S. GDP in the first quarter, stocks continued to rise in Thursday, with the standard and Poor's 500 index at record highs. The first jobless claims report was better than expected, indicating that the U.S. job market continued to improve, and that Hillshire PS's purchases also cheered investors. China's concept stocks rose in Thursday, with the financial sector rising 13% to 3.39.

As of the close, the Dow Jones industrial average rose 65.5 points to 16698.68, or 0.39%, and the Nasdaq [Weibo] composite index rose 22.87, at 4247.95, or 0.54%. The standard and poor 500 index rose 10.25 points, reporting 1920.03 points, or 0.54%.

China's concept stocks rose in Thursday, 4 shares rose more than 6%, the financial sector rose 13% reported 3.39 U.S. dollars, the technology rose 10.96% reported 9.1 U.S. dollars, the cheetah moved up 8.34% reported 16.63 U.S. dollars, Dangdang Rose 6.24% reported 10.38 dollars; 3 shares fell more than 5%, NetQin Fell 7.62% reported 6.79 U.S. dollars, Poly-Mei excellent products fell 5.3% reported 27.5 U.S. dollars, passers-by fell 5.02% reported 15.9 U.S. dollars.