Wall Street rises as rate hike fears ebb; GameStop gains on stock split

Weekly jobless claims unexpectedly rise; Samsung results boost chipmakers

Wall Street's main indexes rose on Thursday as investors scaled back expectations of how much the U.S. Federal Reserve will raise interest rates by amid growing concerns about a recession.

U.S. stocks markets have stabilized in July after marking their worst first-half in decades against the backdrop of a surge in inflation, the Ukraine conflict and the Fed's pivot away from easy-money policy.

Minutes from the central bank's June policy meeting, where the Fed raised interest rates by three-quarters of a percentage point, showed on Wednesday a firm restatement of its intent to get prices under control.

However, Fed officials acknowledged the risk