By Stephen Culp

NEW YORK (Reuters) – Big tech helped Wall Street succeed in a higher close on Thursday, relying modestly on a two-day rally, as mediocre economic knowledge and combined corporate earnings sparked a return to expansion stocks.

A fall in cyclical stocks in the economy reduced the S’s earnings

But the megacap generation and stocks adjacent to the generation, such as Microsoft Corp, Amazon. com, Apple Inc, Facebook Inc and Alphabet Inc, complete their quarterly effects next week, nasdaq ahead.

The 3 U. S. primary inventory indexes U. S. They finished the consultation within 1% of their final highs.

Growth stocks, which overcame the fitness crisis, regained the favor, gaining 0. 8%, while the price index fell 0. 5%.

“The market is shifting between the concept that economic expansion has almost peaked, so you have to buy stocks that do their own expansion as technology names, as opposed to the concept that economic expansion is going to continue and that you need to own cyclical stocks and price names. ” , said David Carter. Chief Investment Officer of Array at Lenox Wealth Advisors in New York.

The number of U. S. employees filing for unemployment for the first time rose to 419,000 last week, a two-month high, according to the Labor Department.

Market participants are closely watching hard-work market signals to see when the Federal Reserve, which is expected to meet next week for its two-day financial policy meeting, begins discussing raising key interest rates from near zero.

“Knowledge of current unemployment has not had a significant effect on markets or economic prospects,” Carter added. “It’s now based on how long the Fed tolerates low rates. The Fed turns out to favor its full employment mandate more than its stability mandate is worth it. “

“As a result, the next Fed meeting could have an impact,” Carter said.

Yields on benchmark Treasury bills declined after bids on tips’ largest auction hit a record high, a strain on rate-sensitive banks.

The Dow Jones Industrial Average rose 25. 35 points, or 0. 07%, to 34,823. 35, the S

Of the 11 most sensitive sectors of the S

The current quarter reports the season at full speed, with 104 of the S companies

Drugmaker Biogen Inc gained 1. 1% after raising its full-year profit forecast, while Domino’s Pizza Inc jumped 14. 6% to a record after its quarterly report.

Southwest Airlines Co. posted a higher-than-expected quarterly loss, its inventory fell 3. 5% and American Airlines Group Inc. fell 1. 1% even after reporting quarterly earnings.

The S-index

Shares of Texas Instruments Inc fell 5. 3% after its profit forecast for the current quarter raised considerations about whether the company will meet developing demand in the face of a global semiconductor shortage.

The Philadelphia SE Semiconductor Index ended the query down 0. 9%.

Chipmaker Intel Corp fell more than 1% in prolonged trading after the chipmaker posted effects and boosted its annual earnings forecast.

The lowest problems outnumbered the highest on the New York Stock Exchange through a ratio of 1. 82:1; on the Nasdaq, a ratio of 1. 90 to 1 favored the declines.

The S

The volume of U. S. stock exchangesIt is 8,250 million shares, compared to an average of 101200 million in the last 20 trading days.

(Reports by Stephen Culp); Additional reports via Devik Jain and Shreyashi Sanyal in Bengaluru; Edited through Marguerita Choy)