CORRECTED-US STOCKS-Department store earnings power Wall Street rally
(Adds dropped word to clarify number of Americans applying for unemployment benefits, paragraph 12)
* Weekly jobless claims fall to 266,000 from 269,000
* Alibaba jumps as revenue soars
* Indexes up: Dow 0.6 pct, S&P 0.43 pct, Nasdaq 0.35 pct
By Yashaswini Swamynathan
Aug 11 (Reuters) - U.S. stock indexes came at shouting distance from their record highs as strong results from department store chains and robust labor market data buoyed investor sentiment about economic growth.
Oil prices rose nearly 2 percent, supporting the rally, after the International Energy Agency forecast crude markets would rebalance in the next few months.
Strong earnings from Macy's and Kohl's kicked off the two-day department store chains' earnings on a positive note.
Macy's shares soared more than 15 percent after the department store operator reported a smaller-than-expected drop in quarterly comparable-store sales and said it would close 100 stores. Continuación...