U.S. stocks traded higher Thursday, Dec. 7, with large-cap tech stocks again leading a rebound for the Nasdaq, and General Electric Co. (GE) - Get General Electric Company (GE) Report powering the Dow Jones Industrial Average up by 100 points.

The Dow Jones Industrial Average rose 0.4%, as General Electric , up 1.1%, was one of the biggest gainers on the index. Boeing Co. (BA) - Get Boeing Company Report rose more than 2%, and Nike Inc. (NKE) - Get NIKE, Inc. (NKE) Report gained 1.9%. The S&P 500 gained 0.35%.

Facebook Inc (FB) - Get Facebook, Inc. Class A Report , which added 1.6%, Google parent Alphabet Inc. (GOOGL) - Get Alphabet Inc. Class A Report , which rose 1.3%, and Apple Inc. (AAPL) - Get Apple Inc. (AAPL) Report , which gained 0.4%, led the tech-heavy the Nasdaq up about 43 points, or 0.6%.

General Electric shares rose after the company said it will axe more than 2,000 jobs in Europe as part of a worldwide reduction in its workforce that could reach 12,000 in an effort to cut costs by around $3.5 billion over the next two years.

Broadcom Ltd. (AVGO) - Get Broadcom Inc. Report rose 1% after the chipmaker's fiscal fourth-quarter earnings topped Wall Street estimates and the company predicted revenue in its fiscal first quarter to exceed forecasts.

Facebook, Alphabet, Apple and General Electric are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stocks? Learn more now.

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Weekly U.S. jobless claims in the U.S. fell 2,000 to a five-week low of 236,000, although the dollar index, which benchmarks the greenback against a basket of six global currencies, held at a near two-week high of 93.67 following the data release.

Gold stocks were slightly higher as Newmont Mining Corp. (NEM) - Get Newmont Goldcorp Corporation (NEM) Report rose 0.9% and Harmony Gold Mining Co. (HMY) - Get Harmony Gold Mining Co. Ltd. Sponsored ADR Report gained 0.9% after bullion prices slumped to a four-month low Thursday amid a global pullback in commodities and metals prices and the continued rise in digital currencies driven by investors seeking alternatives to the bullion's traditional "store of value" play.

Gold fell 0.8% to $1,256,20 an ounce, extending its three-month decline to around 7.5%. The moves mirror recent price declines in global industrial metals, including copper, which hit a three-month low of $6,057 per ton Wednesday, and platinum, which touched a five-month low of $895.74 an ounce amid speculation of reduced demand from China.

Bitcoin surged near $16,000 on the bitsmap exchange, taking the digital currency's year-to-date gain past 1,400% as two of the biggest exchanges in the word -- CBOE Global Markets Inc. and its rival CME Group -- prepare to launch cryptocurrency futures contracts in the coming weeks.

Commodity prices have been notably active over the past week, with copper sinking to a four-month low before rebounding around 0.35% in the Asia session and global oil prices tumbling more than 3% Wednesday to a two-month low after data showed U.S. production rates rose to an all-time high of 9.71 million barrels per day in the week ended Dec. 1.

West Texas Intermediate crude contracts for February added 0.6% to $56.30 a barrel, although gains were held down by both the surging U.S. production rates published by the Energy Information Administration Wednesday and figures that showed gasoline stocks rose a much larger-than-expected 6.8 million barrels in the week ended Dec. 1.

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