Stocks on Wall Street inched further into record territory in afternoon trading Thursday, following new economic data and a mixed batch of earnings reports from big U.S. companies.
The S&P 500 was up 0.2% a day after climbing to a new high. The Dow Jones Industrial Average reversed an early slide to add 40 points, or 0.1%, as of 12:29 p.m. eastern time. The Nasdaq composite was 0.5% higher.
Gains in technology and communication services companies tempered declines in health care and most other sectors. Broadcom rose 2.5%, Oracle was 2% higher, and Google parent Alphabet rose 2.1%.
Tech giant Nvidia was down 1.2% a day after reporting quarterly earnings and revenue that beat Wall Street analysts’ forecasts, though the company noted that sales of its artificial intelligence chipsets rose