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A strong report could lure investors back to the market.
A strong report would mean the Fed might taper soon.
The decline in jobless claims, released on Thursday, may foreshadow a strong report on February employment.
"This is a strong report," said Roger Kubarych, chief United States economist with UniCredit Markets and Investment Banking in New York.
A strong report could prompt investors who had kept their money on the sidelines to step back into the market.
The DAX in Frankfurt rose 101.79 points, or 1.65 percent, on a strong report about the German economy.
That and some earnings that disappointed investors tempered a strong report on sales of new single-family homes.
A special panel has produced a strong report into the handling of G20 and is working on another on the collection and use of DNA.
In addition to upbeat news from Goldman Sachs, a strong report from the chip maker Intel helped drive the Dow 3.1percentt higher on Wednesday.
Robert Barbera, the chief economist of ITG/Hoenig Securities, said there were other statistics, like a strong report on factory orders released yesterday, that indicated that the economy was improving.
Stocks edged higher on Wednesday after a strong report on hiring by private companies raised hopes that the job market might be improving.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com