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Stock Market Recovers After Losing Streak As Jobless Claims Rise; Meme Stock GameStop Gains On Earnings

Stock Market Recovers After Losing Streak As Jobless Claims Rise; Meme Stock GameStop Gains On Earnings

The stock market gained Thursday after jobless claims rose and the S&P 500 took a breather from five consecutive days of losses. Meme stock GameStop soared 9% after reporting a quarterly decline in sales but a narrower loss vs. a year ago. The small-cap Russell 2000 index rose 0.9% by midday.