The data from US department of labor showed increase in new unemployment benefits claims last week. This number was higher than some estimates that might have raised hopes that the tight fiscal policy from Feds might be showing signs of inflation control as it seems to be affecting the labor market. This wasn't too unexpected as several layoffs were announced in recent past. Still, that was enough for bargain hunters to pick some beaten down stocks. All three major US indices finished the day in solid green.
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