Tech stocks boost Nasdaq, Dow rises, S&P on track to end five-session losing streak

David Dee Delgado/Getty Images News

U.S. stocks on Thursday were on track to snap recent losses, with the S&P 500 looking to halt a five-day slide. Sentiment was initially helped by jobless claims data that hinted at some signs of cooling in the labor market, and the risk-on mood continued throughout the session.

With less than an hour of trading left, the S&P (SP500) was up 0.56% to 3,956.01 points, after having risen more than 1% earlier. The blue-chip Dow (DJI) added 0.30% to 33,699.36 points.

The Nasdaq Composite (COMP.IND) outperformed the other two indices, advancing 0.99% to 11,066.98 points, as megacap technology stocks rebounded. Gains in semiconductor stocks also helped.

Of the 11 S&P sectors, nine were trading in the green, led by Technology and Consumer Discretionary. Communication Services and Energy were the two losers.

The number of Americans filing for weekly jobless claims rose to…

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