U.S. stocks rise in final hour of trade as S&P 500 attempts to end 5-day losing streak

U.S. stock indexes were higher in the last hour of trade on Thursday, with the S&P 500 attempting to snap a five-session streak of losses. The Dow Jones Industrial Average DJIA, +0.39% rose 148 points, or 0.5%, at 33,742. The S&P 500 SPX, +0.68% gained 0.7%, while the Nasdaq Composite COMP, +1.15% advanced 1.3%.

The large-cap index kicked off the week deep in the red after recent stronger-than-expected economic data raised fears about further interest rate rises by the Federal Reserve and the chances of a harder economic downturn. Employment data released Thursday showed the number of Americans who applied for unemployment benefits in early December rose slightly to 230,000, which was exactly in line with the Dow Jones estimate.

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