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The S&P 500 traded around flat Thursday as Wall Street wondered if record highs were once again in the cards.
The Dow Jones Industrials gained 107.77 points to begin Thursday at 44,264.50.
The much broader index dipped 4.91 points to 6,081.46.
The NASDAQ Composite erased 102.98 points to 19,906.36. as Nvidia and Amazon pulled back.
This action comes a day after the S&P 500 set an intraday record and finished Wednesday’s session just below its record closing high. The Dow was also within striking distance of new highs on Thursday.
The fourth-quarter earnings season is also off to a strong start, with Netflix and big banks offering positive reports. But American Airlines poured some water on that enthusiasm, with the stock tumbling more than 6% on Thursday after issuing weak guidance.
After weekly jobless claims data came nearly in line with expectations, traders are turning attention to expected virtual remarks from Trump to attendees of the World Economic Forum in Davos. He is scheduled to speak at 5 p.m. Davos time, 11 a.m. in New York.
Prices for the 10-year Treasury slipped, raising yields to 4.65% from Wednesday’s 4.60%. Treasury prices and yields move in opposite directions.
Oil prices hiked 42 cents to $75.86 U.S. a barrel.
Prices for gold declined $21.80 an ounce to $2,749.10 U.S.
