US stocks climb as an increase in jobless claims could signal more relief from Fed rate hikes

Dec 29 2022 by Business Insider

 
Specialist trader Chris Malloy (C) gives a price to traders on the floor of the New York Stock Exchange, October 18, 2013.

REUTERS/Brendan McDermid

US stocks climbed Thursday after tech stocks saw a broad sell off the session prior. The Labor Department reported an increase in jobless claims week-over-week.  Each of the three major indexes are still on track for the worst year since 2008. 

US stocks climbed on Thursday following Wednesday's broad sell-off.

The Labor Department reported that...

Continue Reading US stocks climb as an increase in jobless claims could signal more relief from Fed rate hikes