US equities rallied on Thursday with after the Labor Department released a report showing first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, easing fears of an economic slowdown. The S&P 500 climbed 2.3% to mark its best day since November 2022, the tech-heavy Nasdaq 100 surged 3.1% and the Dow Jones jumped 683 points.
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