Summary
U.S. equities rose on Thursday led by tech stocks. Alphabet surged 5% on the release of its Gemini AI, and AMD was up nearly 10% after it unveiled its MI300 data center chip. Weekly unemployment claims were largely in line with expectations. The Labor Department said that first-time claims rose by 1,000 to a seasonally adjusted 220,000 for the week ended December 2. With the labor market getting back to normal, investors are betting that the Fed has finished its rate hiking. The Dow rose 0.2%, the S&P 500 rose 0.8%, and the Nasdaq was up 1.4%. Crude oil rose slightly, to nearly $70 per barrel, while gold fell $2 to $2046 per ounce.
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Source: finance.yahoo.com