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Why Amazon, Nvidia, and Snowflake All Gained Ground Today

Why Amazon, Nvidia, and Snowflake All Gained Ground Today

After falling for much of the week, the major stock market indexes were gaining ground early Thursday as investors digested the latest unemployment numbers. Last week's initial jobless claims suggest the Federal Reserve's campaign to combat inflation may finally be bearing fruit. Investors used that positive development as an excuse to buy up their favorite beaten-down tech stocks.