Wall Street gains on earnings, data, but S&P record a hurdle
By Rodrigo Campos NEW YORK (Reuters) – Stocks rose on Thursday, lifted by stronger-than-expected earnings and a large drop in weekly jobless claims. The S&P 500, up for five straight sessions, traded within a point of its record closing high before shedding about half of the day’s gains. The high was near the 1,593 level that is expected to be technical resistance. Telecommunications companies’ shares led the S&P 500’s advance, with the sector’s index up 1. 7 percent. Verizon Communications hit a 13-year high with a 2. 7 percent jump to $53. . . .
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