Nasdaq gains ~2%, S&P and Dow rise more than 1% each after PPI, jobless claims data

Stocks tumble on Monday on interest rate concerns

Michael M. Santiago

US stocks rose on Thursday after economic data showed further moderation in inflationary pressures and signs of cooling in the resilient labor market.

In the late afternoon, the Nasdaq Composite (COMP.IND) had jumped 2.01% to 12,168.98 points, helped by a

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