Wall Street closes to snap 3-day losing streak as technology stocks rise

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Reuters

By Echo Wang (Reuters) – Wall Street’s main indexes regained their footing on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood. Bitcoin clawed back some lost ground to trade near $40,000 a day after a brutal selloff, helping renew appetite for risk. Shares rose in Crypto-exchange operator Coinbase Global, Crypto-miners Riot Blockchain and Marathon Digital Holdings. “There’s a big risk, regulatory risk, to crypto that’s not fully appreciated,” said Jay Hatfield, founder and…

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