Stock Market Today: Stocks rise as bond rout eases; Nvidia leads chip gains
Wall Street looks set to snap its longest losing streak of the year, with key earnings tests ahead.
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U.S. equity futures nudged higher Thursday, while the dollar gave back recent gains against its global peers, as investors crept back into global risk markets following a four-day selloff on Wall Street.
Updated at 8:37 AM EDT
Weekly jobless claims figures held steady last week, with 212,000 people filing new applications for unemployment benefits, leaving the four-week average unchanged at 214,500, Labor Department data indicated.
The Philadelphia Fed's April business conditions index, meanwhile, jumped to the highest since the spring of 2022, although the prices paid component also remained elevated.
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