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* Kraft Heinz slumps after pulling FY forecast
* Symantec gains on Broadcom talks report
* AMD lands Alphabet, Twitter as customers
* Lyft, Uber jump on hints of end to price war
* Indexes up: Dow 1.1%, S&P 500 1.6%, Nasdaq 2% (New throughout, updates prices, market activity and comments; changes byline, adds dateline)
By Caroline Valetkevitch
NEW YORK, Aug 8 (Reuters) – U.S. stocks jumped on Thursday, led by a more than 2% gain in technology shares, while better-than-expected economic data in the United States and China helped to offset worries about the trade war.
The S&P 500 technology sector, which was at the heart of the recent selloff, provided the biggest boost to the benchmark S&P 500 index, which was on course for its third day of gains.
Advanced Micro Devices Inc gained 14.7% after the chipmaker launched its second generation of processor chip and said that it had landed Alphabet Inc’s Google and Twitter Inc as customers.
Symantec Corp jumped 11.6% after sources said chipmaker Broadcom Inc was in advanced talks to buy the cybersecurity company’s enterprise business.
“The overnight action was positive. That, along with the bounceback yesterday, gave us a nice tailwind coming into the market today, both for high-frequency traders who were buying the trend and also for bargain hunters who had seen stocks that were on the watchlist come down to a level that looked attractive,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
“So we’ve seen a lot of the tech names pop after they got hammered. There’s money coming back into those because investors have decided it created an opportunity.”
U.S. data pointed to a robust labor market