In the week ending June 11, the advance figure for seasonally adjusted initial claims for unemployment insurance was 277,000, an increase of 13,000 from the previous week’s unrevised level of 264,000, the Labor Department reported. The four-week moving average was 269,250, a decrease of 250 from the previous week’s unrevised average of 269,500.

On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in May after rising 0.4% in April, the Bureau of Labor Statistics announced. The index for all items less food and energy rose 0.2% in May, the same increase as in April.

The Dow gained 92.93 points (0.53%) to finish at 17,733.10, the NASDAQ increased 9.98 points (0.21%) to 4,844.92, and the S&P 500 was up 6.49 points (0.31%) at 2,077.99. The Russell 2000 decreased by 1.11 (0.10%) to 1,148.19, and the Wilshire 5000 closed 44.87 points (0.21%) higher at 21,490.81.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.7 billion shares traded, with a slight lead for decliners on both exchanges.

ON THIS DATE: In 1579, Sir Francis Drake claimed San Francisco Bay for England. In 1856, the Republican Party opened its first national convention in Philadelphia. In 1879, Thomas Edison received an honorary degree of Doctor of Philosophy from the trustees of Rutgers College in New Brunswick, New Jersey. In 1885, the Statue of Liberty arrived in New York City aboard the French ship Isere. In 1942, “Yank,” a weekly magazine for the U.S. armed services, began publication. The term “G.I. Joe” was first used in a comic strip by Dave Breger. In 1950, Dr. Richard H. Lawler performed the first kidney transplant in a 45-minute operation in Chicago. In 1963, the U.S. Supreme Court banned the required reading of the Lord’s prayer and Bible in public schools.