Stocks were rising in intraday trading on Thursday as the number of Americans filing for first-time unemployment benefits pointed to a gradual recovery in the labor market and investors focused on potential movement on a stimulus bill that has been deadlocked in Congress for months.
Jobless claims were lower than expected last week as companies ramped up hiring ahead of the critical holiday shopping season. The Labor Department reported that 712,000 Americans filed for first-time jobless benefits in the week ended Nov. 28, down from a revised 787,000 claims the week earlier.
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