Market Rebounds on Positive Jobless Data, Boosting Major Indexes

U.S. stocks surged on Thursday as a drop in weekly jobless claims alleviated concerns about the U.S. economy. The S&P 500 rose 1.8%, the Nasdaq jumped over 2%, and the Dow Jones increased by 1.8%. The jobless claims fell to 233,000, down from 250,000, surpassing economists’ expectations. This positive labor market update followed a period of market volatility driven by weak non-farm payroll data. Despite recent market turbulence, investor sentiment was buoyed, with notable movements including Nvidia’s fluctuating stock and Eli Lilly’s 8% rise due to strong earnings.

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