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S&P 500 and Nasdaq Composite jump to intraday records Thursday

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The S&P 500 and the Nasdaq Composite rose toward records Thursday morning, even as a report on weekly jobless benefit claims, held nearly steady at aound 400,000, stalling as the labor market mounts a slower-than-hoped-for recovery. The Labor Department reported Thursday that initial unemployment claims, a proxy for layoffs, moved lower last week to 411,000 from an upwardly revised 418,000 the prior week, when claims rose.

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