US STOCKS-Wall St higher on positive jobs data; tech stocks rebound
* Jobless claims stay near 15-year low
* Alibaba jumps on better-than-expected results
* Yelp jumps on report of sale
* Indexes up: Dow 0.6 pct, S&P 0.4 pct, Nasdaq 0.6 pct (Updates to early afternoon)
By Tanya Agrawal
May 7 (Reuters) - U.S. stocks moved higher on Thursday afternoon, helped by strong results from Alibaba, a rebound in tech stocks and as upbeat jobless claims data indicated the labor market was improving despite moderate economic growth.
The three major indices were poised to end two straight sessions of losses, exacerbated on Wednesday by Federal Reserve Chair Janet Yellen's comments that equity valuations "generally are quite high".
The number of Americans filing new claims for unemployment benefits held near a 15-year low last week, suggesting positive momentum in the economy, even though growth stumbled badly last quarter.
Expectations for a relatively strong nonfarm payrolls report for April were also bolstered by a separate report showing small businesses increased hiring last month. Continuación...