Wall Street ended Thursday’s session on a positive note, extending midday gains and breaking the recent trend of afternoon declines. Investor sentiment was bolstered by lower-than-expected initial jobless claims last week, alleviating fears of a more structural increase in unemployment potentially leading to a recession. The S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), closed Thursday’s session up 2.3%, marking its best daily performance since January 2023. The tech-heavy Nasdaq 100 index, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), closed 3.1% higher, marking its best daily performance since February 2023. Despite this rise, the Nasdaq 100 remains 5% below last Thursday’s opening levels but has rallied 5.7% from Monday’s lows. Within tech stocks, Arm Holdings plc (NASDAQ:ARM) and Marvell Technologies Inc. (NASDAQ:MRVL) were the day’s top performers, up 10.6% and 8.9%, respectively. Strong gains were also observed in both blue-chip stocks, with the Dow Jones ...