American equities traded mixed as the clock approached noon Thursday, and as investors digested economic data while oil prices built on sharp gains from the previous session.
The Dow Jones Industrials strengthened 80.26 points to 19,203.84, with Goldman Sachs leading the pack upward.
The S&P 500 moved into the red 0.75 points to 2,198.06, with a 1.7% decline in information technology offsetting a 1.5% rise in energy.
The NASDAQ composite index 48.82 points to 5,274.86, as Apple and the so-called FANG stocks (Facebook, Amazon, Netflix and Google parent Alphabet) all fell.
In corporate news, Land's End and Dollar General both reported quarterly results before the bell. Meanwhile, Clarcor is being bought by Parker Hannifin for $4.3 billion U.S. in cash and assumed debt, or $83.00 U.S. per share.
In economic news, The IHS Markit U.S. Manufacturing index reading for November came in at 54.1.
The Institute for Supply Management manufacturing index came in at 53.2 for November, while construction spending rising 0.5% for October. Before the bell, initial jobless claims came in at 268,000, above an expected 253,000. Thursday's litany of data will build up towards Friday's November jobs report.
Treasury prices for the 10-year note fell sharply, raising yields to 2.46% from Wednesday’s 2.39%. Treasury prices and yields move in opposite directions.
Oil prices spiked $1.99 to $51.43 U.S. a barrel
Gold prices stumbled $3.30 to $1,170.80 U.S. an ounce.
