US STOCKS-Wall St rebounds on tech boost after fewer jobless claims data

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* CBOE volatility index eases from 2-month high
* Bumble slips despite upbeat forecast
* Disney shares rise ahead of results
* Energy stocks fall as oil declines over 2%
* Indexes up: Dow 0.79%, S&P 0.77%, Nasdaq 0.76%

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By Medha Singh and Sruthi Shankar
May 13 (Reuters) - Technology stocks helped Wall Street's
main indexes rebound on Thursday after three sessions of
declines, as data showed fewer Americans filed for weekly
jobless claims, while investors shrugged off a surge in producer
prices.
The Labor Department's data showed U.S. producer prices rose
0.6% last month, after a gain of 1% in March. A separate report
indicated claims for U.S. unemployment benefits increased
473,000 in the latest week. A surge in commodity prices, labor shortage and much
stronger-than-expected consumer prices data this week have
stoked inflation concerns that could force the U.S. Federal
Reserve to raise interest rates, despite its reassurances that
the rise in prices to be temporary.
"All of this comes down to the fact that the market believes
that the Fed is going to have to do something sooner than
anticipated," said Victoria Fernandez, chief market strategist
at Crossmark.
"Perhaps we're not in a situation where market has come down
and we're going to stay there for an extended period of time.
We're in a more volatile time period where we could see swings
one way or the other."
Losses in the past three days had pulled the S&P 500 4% off
its record closing high on Friday, while the tech-heavy Nasdaq
was about 8% below its April 29 all-time high.
Technology stocks .SPLRCT and consumer discretionary
.SPLRCD , the most battered among the 11 major S&P sectors this
week, led gains on Thursday.
The CBOE volatility index .VIX , a measure of investor
anxiety, retreated to 24.11 points after hitting its highest
levels in more than two months.
At 9:50 a.m. ET, the Dow Jones Industrial Average .DJI was
up 265.35 points, or 0.79%, at 33,853.01, the S&P 500 .SPX was
up 31.19 points, or 0.77%, at 4,094.23, and the Nasdaq Composite
.IXIC was up 99.10 points, or 0.76%, at 13,130.78.
The energy index .SPNY was the only one trading in the red
as oil prices shed more than 2%.
The inflation talk has increased focus on economic data,
with attention turning to retail sales and industrial production
reports on Friday.
Dating app owner Bumble Inc BMBL.O shed another 11.6%
despite forecasting current-quarter revenue above estimates. The
stock has lost about 19% of its value in the past three
sessions. Walt Disney's DIS.N shares gained 0.7% ahead of its
second-quarter results due after the closing bell.
Boeing Co BA.N rose 2.8% after the U.S. planemaker won
approval from U.S. regulators for a fix of an electrical
grounding issue that had affected about 100 737 MAX airplanes.
Advancing issues outnumbered decliners by a 3.03-to-1 ratio
on the NYSE and by a 2.17-to-1 ratio on the Nasdaq.
The S&P index recorded two new 52-week highs and no new low,
while the Nasdaq recorded 10 new highs and 33 new lows.