Wall St gains as jobless claims data eases rate worries

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Technology and growth stocks lifted Wall Street's main indexes higher on Thursday after data pointing to signs of a cooling labor market eased worries over future interest rate hikes by the U.S. Federal Reserve.

for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24. Economists polled by Reuters had forecast 225,000 claims for the latest week.

"Signs of the job market beginning to weaken is certainly apparent," said Peter Cardillo, chief market economist, Spartan Capital Securities LLC.

 

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