Stocks rose Thursday as Wall Street took in signals that pointed to a still-strong US consumer and labor market. The Nasdaq Composite popped almost 1.2%, while the benchmark S&P 500 and the Dow Jones Industrial Average rose about 1%. In focus early Thursday were earnings from retail giant Walmart , as well as monthly government retail sales data and an update on jobless claims.
Retail sales rose 1% in July, above estimates for a 0.4% rise. Also in focus is the normally routine update on weekly jobless claims. Last week, those claims fell more than forecast, sparking a market surge that has largely pervaded throughout this week. And they fell again this week to 227,000, shafting expectations for a pickup.
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