Stocks rose on Thursday, snapping multi-day losing streaks for the Dow Jones Industrial Average and S&P 500 Index, as investors anticipate November's key labor market report on Friday. The Dow rose, while the S&P 500 and Nasdaq Composite added.

Here's how the market settled on Thursday:

S&P 500 Index (SPY  ): +0.80% or +36.25 points to 4,585.59

Dow Jones Industrial Average (DIA  ): +0.17% or +62.95 points to 36,117.38

Nasdaq Composite Index (QQQ  ): +1.37% or +193.28 points to 14,339.99

Making headlines, Google-parent Alphabet (GOOGL  ) (GOOG  ) shars rose on Thursday after the tech giant launch its latest artificial intelligence model called Gemini. The large language model will include three different sizes: Gemini Ultra, its largest processor; Gemini Pro, which works across a wide range of tasks; and Gemini Nano, designed for mobile devices and other specific tasks.

"Gemini is the result of large-scale collaborative efforts by teams across Google, including our colleagues at Google Research," CEO Sundar Pichai wrote in a blog post on Wednesday. "It was built from the ground up to be multimodel, which means it can generalize and seamlessly understand, operate across and combine different types of information including text, code, audio, image and video."

In economic news, initial jobless claims for the week ended Dec. 2 rose to 220,000, coming slightly below estimates, the Labor Department reported on Thursday. Moreover, continuing unemployment claims declined for the week ended Nov. 25, falling 64,000 from the previous week to total 1.861 million.

On the earnings front, Chewy (CHWY  ) shares fell Thursday after the pet supplies retailer posted weaker-than-expected third-quarter results and issued disappointing forward guidance. On the other hand, Dollar General (DG  ) reported better-than-expected third-quarter results and reaffirmed its guidance for full year earnings, revenue and comparable sales -- each in-line with analyst expectations.

In single-stock news, Advanced Micro Devices (AMD  ) shares rose after the chipmaker unveiled a new artificial intelligence chip to compete with Nvidia's (NVDA  ) market dominance. The new Instinct M1300X is set to directly challenge Nvidia's H100 chip, with both Microsoft (MSFT  ) and Meta Platforms (META  ) among the first companies planned to use AMD's processor.

Looking ahead, market participants will digest November's jobs report, which is expected to show 190,000 additions with a 3.9% unemployment rate. Earnings reports are also due for Broadcom (AVGO  ) and Lululemon Athletica (LULU  ).