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10A Daily News – Friday, February 24, 2012 The Dow Jones industrial average made another run at 13,000 but couldn't quite get there. Dow flirts with 13,000 again but can't make it Wall Street NEW YORK (AP) — Stocks recovered from an early loss Thursday and pushed the Dow within four points of the mile- stone. Investors were encouraged by more good news on U.S. jobs, but gains were limited by poor results from retailers such as Safeway and Kohl's. The Dow finished up 46.02 points at 12,984.69. The Standard & Poor's 500 index gained 5.80 points to close at 1,363.46. The Nas- daq composite index climbed 23.81 points to 2,956.98. The Dow pierced 13,000 three times Tuesday but could not hold the mile- stone. The average hasn't closed above 13,000 since May 19, 2008, four months before the financial crisis. Investors were encour- aged Thursday after the government reported that the number of people seek- ing unemployment bene- fits last week was unchanged. The four-week average was the lowest in four years. High unemployment has been a problem for retailers, which have been forced to slash prices even though they are paying more to make and ship NEW! In the Daily News' WEEKEND EDITION Every Saturday! TV Select Magazine --Weekly TV listings and features their goods. The burden showed in Thursday's earn- ings reports. Kohl's, the department store chain, sank 6 percent after weak holiday sales caused it to miss Wall Street estimates for revenue and earnings. Grocery store chain Safeway Inc. plunged more than 7 per- cent after reporting a 6 per- cent drop in profit. Part of the problem is the rising cost of gas, which could hurt the eco- nomic recovery. The price of gas is rising as tensions mount over Iran's nuclear program. A gallon of regu- lar sells for $3.61 on aver- age, the highest on record this time of year. The price of oil jumped again Thursday, to $107.83, a nine-month high and up $1.52 for the day. Besides Iran, analysts blamed the falling U.S. dollar, which makes oil more expensive for investors holding foreign money. The euro jumped to a two-month high against the dollar, $1.337, up almost a penny from Wednesday, after business confidence surged in Germany. Dillard's, another department store chain, and the discount chain Target also missed analysts' esti- mates. Earlier this week, Wal-Mart fell short on earnings and revenue after aggressive discounts for the holidays cut into profit margin. Sears Holdings Corp., which owns Sears, Kmart and Land's End, also missed estimates for rev- enue and per-share earn- ings. Its stock soared 19 percent, but that was because it outlined plans to spin off some stores and sell others. For the most part, U.S. stocks have been rising since Thanksgiving, as the most potent fears of last summer — that the country would enter another reces- sion, and that the European debt crisis would damage the U.S. economy — have dissipated. 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