Wall Street edges up despite negative jobs data

wall street edges up despite negative jobs data

Sumary of Wall Street edges up despite negative jobs data:

  • Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lacklustre economic data and mixed corporate earnings prompted a pivot back to growth stocks.
  • The number of US workers filing first-time applications for unemployment benefits spiked unexpectedly to 419,000 last week, a two-month high, according to the Labor Department.

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