U.S._NP0 stocks_NN2 rose_VVD Thursday_NP0 afternoon_NN1 ,_PUN averting_VVG a_AT0 third_ORD consecutive_AJ0 day_NN1 of_PRF declines_NN2 ,_PUN as_CJS the_AT0 economic_AJ0 picture_NN1 continued_VVD to_TO0 brighten_VVI ._SENT The_AT0 broad_AJ0 S_ZZ0 &_NP0 P_ZZ0 500_CRD index_NN1 fell_VVD as_CJS much_AV0 as_CJS nearly_AV0 1_CRD %_NN0 earlier_AJC in_PRP the_AT0 session_NN1 before_PRP recouping_VVG all_DT0 of_PRF that_DT0 and_CJC more_AV0 ,_PUN rising_VVG 20.38_CRD points_NN2 ,_PUN or_CJC 0.5_CRD %_NN0 ,_PUN to_PRP 3909.52_CRD ._SENT Stocks_NN2 closely_AV0 tied_VVN to_PRP an_AT0 economic_AJ0 recovery_NN1 led_VVD the_AT0 rebound_NN1 while_CJS shares_NN2 of_PRF technology_NN1 and_CJC other_AJ0 high-growth_AJ0 companies_NN2 narrowed_VVD some_DT0 of_PRF their_DPS losses_NN2 ._SENT These_DT0 moves_NN2 helped_VVD the_AT0 S_ZZ0 &_NN1 P_ZZ0 500_CRD ,_PUN as_CJS well_AV0 as_CJS the_AT0 Dow_NP0 industrials_NN2 and_CJC the_AT0 Nasdaq_NP0 Composite_NN1 ,_PUN avoid_VVB another_DT0 session_NN1 of_PRF losses_NN2 ._SENT Thursday_NP0 's_POS give-and-take_NN1 was_VBD the_AT0 latest_AJS episode_NN1 in_PRP a_AT0 volatile_AJ0 stretch_NN1 of_PRF trading_NN1 over_PRP the_AT0 last_ORD month_NN1 that_CJT has_VHZ sapped_VVN major_AJ0 indexes_NN2 of_PRF most_DT0 of_PRF their_DPS gains_NN2 from_PRP earlier_AV0 this_DT0 year_NN1 and_CJC left_VVD the_AT0 Nasdaq_NP0 Composite_AJ0 mostly_AV0 flat_AJ0 since_CJS the_AT0 end_NN1 of_PRF December_NP0 ._SENT Signs_NN2 of_PRF a_AT0 resurgent_AJ0 economy_NN1 ,_PUN rising_VVG interest_NN1 rates_NN2 and_CJC nascent_AJ0 inflation_NN1 have_VHB spurred_VVN a_AT0 massive_AJ0 rotation_NN1 into_PRP so-called_AJ0 value_NN1 stocks_NN2 that_CJT benefit_VVB from_PRP an_AT0 economic_AJ0 rebound_NN1 —_PUN such_DT0 as_PRP manufacturers_NN2 ,_PUN banks_NN2 and_CJC retailers_NN2 ._SENT Meanwhile_AV0 ,_PUN investors_NN2 have_VHB been_VBN pulling_VVG money_NN1 out_AVP of_PRF tech_NN1 companies_NN2 ,_PUN viewing_VVG those_DT0 high-price_AJ0 stocks_NN2 as_CJS particularly_AV0 vulnerable_AJ0 to_PRP the_AT0 shifting_AJ0 economic_AJ0 winds_NN2 ._SENT Much_DT0 of_PRF that_DT0 narrative_NN1 has_VHZ n't_XX0 changed_VVN despite_PRP the_AT0 gains_NN2 major_AJ0 indexes_NN2 scored_VVN on_PRP Thursday_NP0 ,_PUN analysts_NN2 said_VVD ,_PUN adding_VVG that_CJT investors_NN2 should_VM0 brace_VVI for_PRP more_DT0 topsy-turvy_AJ0 sessions_NN2 ._SENT "_PUQ We_PNP 're_VBB going_VVG to_TO0 be_VBI looking_VVG for_PRP a_AT0 new_AJ0 narrative_NN1 ,_PUN "_PUQ Daniel_NP0 Morris_NP0 ,_PUN chief_AJ0 market_NN1 strategist_NN1 at_PRP BNP_NP0 Paribas_NP0 Asset_NN1 Management_NN1 ,_PUN adding_VVG that_CJT markets_NN2 will_VM0 be_VBI flat_AJ0 meanwhile_AV0 ._SENT "_PUQ Growth_NN1 could_VM0 recover_VVI ,_PUN value_NN1 could_VM0 wait_VVI ,_PUN and_CJC then_AV0 on_PRP the_AT0 surface_NN1 nothing_PNI happens_VVZ ._SENT I_PNP have_VHB modest_AJ0 expectations_NN2 for_PRP the_AT0 market_NN1 until_CJS we_PNP get_VVB a_AT0 sense_NN1 of_PRF what_DTQ the_AT0 next_ORD catalyst_NN1 is_VBZ ._SENT "_PUQ Similar_AJ0 to_PRP the_AT0 S_ZZ0 &_NN1 P_ZZ0 500_CRD ,_PUN the_AT0 Dow_NP0 Jones_NP0 Industrial_AJ0 Average_NN1 turned_VVD around_AVP to_TO0 add_VVI 199.42_CRD points_NN2 ,_PUN or_CJC 0.6_CRD %_NN0 ,_PUN to_PRP 32619.48_CRD ._SENT The_AT0 Nasdaq_NP0 Composite_NN1 rose_VVD 15.79_CRD points_NN2 ,_PUN or_CJC 0.1_CRD %_NN0 ,_PUN to_PRP 12977.68_CRD ,_PUN lagging_VVG on_PRP account_NN1 of_PRF the_AT0 weakness_NN1 among_PRP shares_NN2 of_PRF some_DT0 tech_NN1 companies_NN2 ._SENT Optimism_NN1 regarding_PRP the_AT0 economic_AJ0 rebound_NN1 strengthened_VVN Thursday_NP0 after_PRP new_AJ0 data_NN0 showed_VVD a_AT0 continued_AJ0 recovery_NN1 in_PRP the_AT0 labor_NN1 market_NN1 ._SENT The_AT0 number_NN1 of_PRF Americans_NN2 applying_VVG for_PRP first-time_AJ0 unemployment_NN1 benefits_NN2 dropped_VVN to_PRP 684_CRD ,_PUN 000_CRD ,_PUN down_AVP from_PRP 781_CRD ,_PUN 000_CRD in_PRP the_AT0 prior_AJ0 week_NN1 and_CJC falling_VVG to_PRP the_AT0 lowest_AJS level_NN1 since_PRP the_AT0 pandemic_AJ0 disrupted_VVD the_AT0 economy_NN1 ,_PUN highlighting_VVG how_AVQ portions_NN2 of_PRF the_AT0 labor_NN1 market_NN1 continues_VVZ to_TO0 recover_VVI as_PRP Covid-19_CRD vaccines_NN2 roll_VVB out_AVP ._SENT 
