Wall Street rebounds on tech boost after fewer jobless claims data

CBOE volatility index eases from 2-month high; energy stocks fall as oil declines over 2%

Technology stocks helped Wall Street's main indexes rebound on Thursday after three sessions of declines, as data showed fewer Americans filed for weekly jobless claims, while investors shrugged off a surge in producer prices.
 

The Labor Department's data showed U.S. producer prices rose 0.6% last month, after a gain of 1% in March. A separate report indicated claims for U.S. unemployment benefits increased 473,000 in the latest week.
 

A surge in commodity prices, labor shortage and much stronger-than-expected consumer prices data this week have stoked inflation concerns that could force the U.S. Federal Reserve to raise interest rates, despite its