Stock Market Today: Bulls Reclaim Ground on Cheerful GDP, Jobless Data
Whether stocks would recover Thursday was in doubt in early trading as investors struggled to embrace bright tidings from recent economic data. But the loud rebound in third-quarter GDP and better-than-expected unemployment claims eventually roused some bulls.
On the latter front, the Labor Department reported that last week's jobless filings fell from 791,000 in the week prior to 751,000, comfortably below the Bloomberg consensus estimate of 770,000.
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