Facebook parent Meta Platforms META.O and Snapchat operator Snap Inc SNAP.N rose 1.4% and 6%, respectively, after the Joe Biden administration threatened to impose a ban on TikTok. Data showed the number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to continued labor market strength, which could persuade the Fed to keep raising rates further. Weak retail sales figures as well as data showing a downward trend in producer inflation on Wednesday had bolstered bets of a small rate hike by the Federal Reserve at its meet concluding on March 22.