The pound strengthened and U.K. bonds nudged higher following news Truss will step down by the end of next week. Claims fell to 214,000 from a revised 226,000 last week, a sign the labor market remains tight despite efforts to tamp down the economy to cool inflation. The stock bounced 1.5% at the start of trading Thursday, further boosting what's been a strong week for airline stocks as financials show the industry has bounced back from the pandemic. But some expressed struggles with pushback from consumers over increased prices and inflation that continued to drive up wages. Corporate earnings have so far reflected resilience, but Wall Street strategists have largely cautioned that earnings-per-share forecasts will continue to come down.
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