US stocks took a leap higher Thursday after weekly initial jobless claims fell more than forecast in a reassuring update on the health of the US labor market. The S&P 500 rose about 0.7%, while the tech-heavy Nasdaq jumped 0.5%. The Dow Jones Industrial Average was up about 0.8%.
3, down from 250,000 last week and fewer than what economists had forecast. The number added a fresh jolt into Thursday's trading. . The moves — from big gains to significant losses — continued a turbulent stretch that has pervaded in markets for much of the past week. In individual movers, "Magnificent 7" stalwart and AI giant Nvidia is in focus after another back-and-forth day left its stock down another 5%. The stock rose slightly in early trading.
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