Advertisment
U.S. stocks closed narrowly mixed Thursday, with investors looking ahead to comments from Federal Reserve Chair Janet Yellen.
The Dow Jones Industrials faded 23.22 points to finish Thursday at 17,828.29, as Goldman Sachs had the greatest negative impact.
The S&P 500 slid 0.75 points to 2,089.79, with materials leading decliners.
The NASDAQ Composite recovered 6.88 points to 4,901.77, boosted by a near 1% gain in Apple, as well as strong gains in Dollar Tree.
Yellen is expected to comment and answer questions Friday afternoon as she pick up an award from Harvard University.
Durable goods orders jumped 3.4% last month, according to the U.S. Commerce Department. However, non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 0.8% for a third-straight month after an upwardly revised 0.1% drop the prior month.
Initial jobless claims fell to a seasonally-adjusted 268,000 for the week ended May 21.
Pending home sales rose 5.1% in April from the previous month to hit their highest level in a decade.
Prices for the 10-year Treasury gained, lowering yields to 1.83% from Wednesday’s 1.87%. Treasury prices and yields move in opposite directions.
Oil prices lost 24 cents a barrel to $49.32 U.S.
Gold prices were down $4.48 to $1,219.93 U.S. an ounce.
