Technology Stocks Retrace |  Z Energy Update Global markets were lower overnight (S&P 500 index -1.2%) as US stocks fell after an unexpected rise in jobless claims rekindled concern the economic recovery has stalled. The first uptick in jobless claims since March comes as Congress negotiates a new relief package for millions of Americans who are set to lose enhanced benefits at the end of the month. We would not extrapolate too much from one data point, as generally speaking economic data seems to be stronger than initially feared. Technology stocks led market declines, partially reversing recent strong gains even as Microsoft and Tesla released solid quarterly earnings figures. Z Energy (ZEL:NZX /ZEL:ASX) Z Energy extended its 2-day rally after reporting better than expected first-quarter cost savings and improved market share.  The relatively positive trading update showed 1st quarter profit and 1st half guidance was better than expected, despite fuel volumes down 39% with petrol off 41% and Diesel -20%. Manag...