U.S. stocks gained steam on Thursday, following encouraging economic data. Weekly jobless claims fell by 13,000 over the last week to 253,000, pushing the four-week moving average lower. The March consumer price index rose just 0.1 percent during the month, while economists were expecting a 0.2 percent increase. Wells Fargo (WFC) , posted net income of $0.99 a share, beating estimates by $0.02 a share, but down from the $1.04 a share earned during the same quarter last year. Revenue rose 4.3 percent, while rivals JPMorgan Chase (JPM) and Bank of America (BAC) reported declining first quarter revenue. Analysts remained worried about the big banks' exposure to sour energy loans, amid the slump in oil prices. Finally, Delta Air Lines (DAL) posted adjusted earnings of $1.32 a share, beating estimates by $0.02 a share. Domestic sales rose during the quarter, while international revenue slipped. TheStreet's Scott Gamm reports from Wall Street.
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