S&P 500 rebounds on tech boost; weekly jobless claims rise

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S&P 500 rebounds on tech boost; weekly jobless claims rise
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The S&P 500 gained ground on Thursday, lifted by technology and energy shares.

Traders work on the floor of the New York Stock Exchange in New York City, U.S., December 7, 2022. REUTERS/Brendan McDermidIndexes up: Dow 0.72%, S&P 0.82%, Nasdaq 1.19%

"More people are filing jobless claims, which shows labor forces are weakening a little bit," said Thomas Hayes, chairman at Great Hill Capital LLC in New York. The producer price index and the University of Michigan's consumer sentiment survey on Friday and November's consumer price data next week will also be in focus ahead of Fed's policy decision on Dec. 14.

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