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Strong Q2 Earnings Clash with Unexpected Rise in Jobless Claims

Strong Q2 Earnings Clash with Unexpected Rise in Jobless Claims

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The growth style and related exchange traded funds advanced Thursday as investors shifted out of economically sensitive cyclical plays, following lackluster economic data. According to the Labor Department, the number of U.S. workers filing first-time applications for unemployment benefits unexpectedly increased to 419,000 last week, a two-month high, Reuters reports.

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