Wall Street rises on positive jobs data; tech stocks rebound
Wall Street rose in late morning on Thursday after choppy trading earlier in the session as U.S. jobless claims came in stronger-than-expected and technology stocks rebounded. The number of Americans filing new claims for unemployment benefits rose marginally last week, staying near a 15-year low in a sign that the labor market continues to strengthen despite moderate economic growth. Microsoft and Apple gave the biggest boost to the S&P 500 and the Nasdaq, while Yahoo rose 5.3 percent to $4
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