Dow Jones, Nasdaq edge higher after Wall Street snaps losing streak

A market comeback on Thursday helped the major averages break a three-day losing streak, while U.S. stock index futures tacked on another 0.2% overnight. Some "buy the dip" action may be happening, though fresh data showed the lowest level of jobless claims since the start of the pandemic in March 2020. According to figures from the Labor Department, 444,000 Americans applied for first-time unemployment benefits in the week ending May 15, down from 478,000 in the previous seven days.Worries remain? "I think people are still concerned by the volatile moves that we're having in our market," said Jonathan Corpina, senior managing partner at Meridian Equity Partners. "In reality, people are still apprehensive about what the economy will look like one month from now, two months from now, six months from now." Rising inflation and a overheated recovery could trigger the Fed to pare back easy-money policies, while tapering talk was