US stocks fell on Thursday for the third session in a row as Wall Street weighed an unexpected drop in jobless claims and a sharp upgrade in GDP growth, developments that complicate the outlook for rate cuts amid uncertainty about Federal Reserve policy.

Among the Nasdaq 100 stocks, Marvell Technology MRVL rallied more than 4% while Advanced Micro Devices AMD gained 1.5%, making them some of the best performers at the market open. Marvell is nearing an 85.27 buy point, while AMD stock is facing resistance at the 50-day moving average.

The stock market was on track to snap its three-day skid on Friday in the wake of the latest inflation report. The Dow Jones Industrial Average rose 340 points, or 0.7%. The S&P 500 was up 0.5%. The Nasdaq Composite was up 0.4%.

Weekly jobless claims fall, while monthly durable goods orders bounce back

As of the closing bell on Sept. 15, the S&P 500's Shiller P/E clocked in with a multiple of 39.78. This represents the third-highest multiple during a continuous bull market when back-tested to January 1871 and is a 130% premium to the average multiple of 17.28 over the last 154 years.

Everything seems to be going right for equity investors lately. But one detail could be cause for concern, at least for analysts who favor technical analysis — the practice of deriving stock-market signals from patterns emerging in the price charts.

Dow Inc. stock is down 56% amid high costs and weak demand. Click for why I see DOW offering a buy opportunity as recovery is expected from 2025.

U.S. stock futures were wavering on Thursday as the market focuses on how quickly the Federal Reserve is likely to lower interest rates. Dow Jones Industrial Average futures were up 39 points, or 0.1%.