Stocks rebound | Semiconductor names rally | Jobless claims fall to lowest level since 1969

The roller-coaster ride in the stock market continued Thursday.

VIEW IN BROWSER | SUBSCRIBE THU, MAR 24, 2022 EVENING BRIEF AS OF THU, MAR 24, 2022 • 04:58 ET DJIA 34707.94 +1.02% +349.44 S&P 500 4520.16 +1.43% +63.92 NASDAQ 14191.84 +1.93% +269.24 Most Active DOW NAME LAST CHG %CHG AAPL 174.07 +3.86 +2.27% INTC 51.62 +3.35 +6.94% MSFT 304.10 +4.61 +1.54% S&P 500 NAME LAST CHG %CHG AMD 120.53 +6.61 +5.80% AAPL 174.07 +3.86 +2.27% NVDA 281.50 +25.16 +9.82% NASDAQ NAME LAST CHG %CHG AMD 120.53 +6.61 +5.80% AAPL 174.07 +3.86 +2.27% NVDA 281.50 +25.16 +9.82% EDITOR'S NOTE The stock market's roller-coaster ride continued Thursday. The three major averages clawed back the previous session's losses to each close higher.   Technology led the way, with chip stocks seeing outsized gains. Nvidia was the best-performing stock in the S&P 500, rallying 9.8%.   The moves came as first-time jobless claims released Thursday totaled 187,000 last week — the lowest level since 1969. The data boosted confidence in economic growth as investors opted for riskier assets. Some market participants urged caution even as stocks climbed, emphasizing the uncertainty of the Russia-Ukraine conflict and the Federal Reserve's rate hiking cycle.   Josh Brown, CEO of Ritholtz Wealth Management, told CNBC's "Halftime Report" he was surprised by the strength of the rally in recent days. He was also worried that some investors were not taking seriously the possibility that the situation in Ukraine may worsen instead of resolving relatively soon.   "There is no reason whatsoever right now for the average investor to be acting like they have all the conviction in the world," Brown said. "Be smart, preserve flexibility, preserve optionality, don't be a hero." Hannah Miao | CNBC Associate Markets Reporter @HannahMiao_ Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow rallies 300 points, Nasdaq gains 1.9% as chip stocks lead market rebound Biden says U.S. would 'respond' to Russia if Putin uses chemical or biological weapons NATO leaders promise Zelenskyy more troops, aid; Ukraine says it sank Russian warship Orsk Google employees bombard execs with questions about pay at recent all-hands meeting Supreme Court nominee Ketanji Brown Jackson's confirmation hearings just ended — here's what happens next BlackRock's Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization Bill Miller says there are many good opportunities in the market. Here is where he's looking Nvidia, Intel lead rally in semiconductor stocks as optimism on economy boosts riskier assets Gasoline prices are hitting $6 in some parts of the country and summer driving season isn't here yet Trump sues Hillary Clinton, DNC for more than $70 million over 2016 election, 'spurious' Russia collusion claims TOP VIDEO Biden: We believe Russia should be removed from the G20 CNBC PRO Josh Brown says Nvidia's potential is 'scary' ahead of a potential AI boom SPECIAL REPORTS Here's what you need to know about your student loans — before it's too late Almost 645,000 people still hadn't gotten their third stimulus checks by last fall, Treasury says Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS