US Stocks Soar on Strong Jobless Claims Data

Driven by positive jobless claims data, which eased recession fears, US stock markets experienced a significant rebound on Thursday, recovering from earlier losses. The S&P 500 saw its best performance since November 2022, with the technology and communication services sectors leading the surge. Eli Lilly`s strong earnings report, fueled by demand for its weight-loss drugs, also contributed to the market upswing. Investors are now focused on upcoming inflation data for further clues on the Federal Reserve`s policy trajectory.