Investing.com – Wall Street was mixed on Thursday as technology stocks fell after gaining steam for four days.
The S&P 500 was up three points or 0.14% to 2,776.00 as of 9:44 AM ET (13:44 GMT) while the Dow composite increased 88 points or 0.35% to 25,228.00 and tech heavy NASDAQ Composite fell 11 points or 0.16% to 7,203.75.
Investors seemed unmoved by data that showed the number of people who filed for unemployment assistance in the U.S. last week fell more than expected.
The number of individuals filing for initial jobless benefits decreased by 1,000 to 222,000 the Labor Department said Thursday.
In trade news, U.S. Commerce Secretary Wilbur Ross said that the U.S. had reached a deal with Chinese telecommunications equipment maker ZTE (HK:0763).
JM Smucker Company (NYSE:SJM) was down 6.75% after the food manufacturer reported lower than expected earnings results, while social media firm Snap Inc (NYSE:SNAP) fell 2.09% and Apple (NASDAQ:AAPL) inched down 0.26%. Meanwhile Amazon.com (NASDAQ:AMZN) declined 0.23% and Netflix (NASDAQ:NFLX) dipped 0.52%.
Elsewhere Tesla (NASDAQ:TSLA) gained 2.00% while Qualcomm (NASDAQ:QCOM) surged 3.29% and semiconductor Micron Technology Inc (NASDAQ:MU) rose 0.61%.
In Europe stocks were mixed. Germany’s DAX fell 27 points or 0.21% while in France the CAC 40 decreased eight points or 0.15% and in London, the FTSE 100 was up 10 points or 0.13%. Meanwhile the pan-European Euro Stoxx 50 lost one point or 0.04% while Spain’s IBEX 35 rallied 30 points or 0.30%.
In commodities, gold futures rose 0.02% to $1,301.70 troy ounce while crude oil futures increased 1.07% to $65.42 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.29% to 93.34.