Stocks on Wall Street swung in afternoon trading Thursday as gains from tech companies and retailers cushioned losses elsewhere in the market.
The S&P 500 rose less than 0.1% after bouncing between slight gains and losses. The benchmark index is coming off a three-day winning streak.
The Dow Jones Industrial Average was up 10 points, or less than 0.1%, as of 3:20 p.m. ET. The Nasdaq Composite rose 0.1%.
Volume was lower than usual as US markets reopened after the Christmas holiday.
Semiconductor company Broadcom rose 2.5%, Micron Technology rose 1.3% and Adobe rose 0.8%.
Tech stocks as a whole performed well, but some heavyweights weighed on the market. Semiconductor giant Nvidia, whose huge valuation has a big impact on the index, fell 0.1%. Metaplatform fell 0.5%, Amazon fell 0.4% and Netflix fell 0.7%.
Tesla was one of the worst-performing stocks in the S&P 500, falling 1.4%.
Healthcare stocks contributed to the market push. CVS Health rose 1.4% and Walgreens Boots Alliance rose 3.9%, the biggest gains among S&P 500 stocks.
Several retail stores have also emerged. Target rose 3.1%, Ross Stores rose 1.8%, Best Buy rose 2.5% and Dollar Tree rose 3.6%.
Traders are watching to see if retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers rush online and rush to stores to cash in gift cards and raid bargain bins. Ranked.
US listed stocks honda and nissan They rose by 4.2% and 15.9%, respectively. The Japanese automaker announced earlier this week that the two companies were in talks to merge.
Traders received the latest information on the labor market. Applying for US unemployment benefits It remained stable last week.However, continuing claims have reached their highest level in three years, the Labor Department reported.
In the bond market, U.S. Treasury yields have mostly fallen. The yield on the 10-year U.S. Treasury note fell to 4.58% from 4.59% late Tuesday.
Major markets in Europe, as well as Hong Kong, Australia, New Zealand and Indonesia, were also shut down.
Trading was expected to be weak this week due to poor economic data.
Still, U.S. markets have historically tended to trend higher at year-ends despite lower volumes. Since 1950, the average increase in the last five business days of each year and the first two business days of a new year has been 1.3%.
So far this month, the U.S. stock market has seen some share price declines. Gains since President-elect Donald Trump won on Election Day, This raised hopes that faster economic growth and easing of regulations would boost corporate profits. There are growing concerns that President Trump's preferences for tariffs and other policies could lead to: rising inflation raterising U.S. government debt and global trade difficulties.
