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U.S. equities closed mostly lower Thursday, taking a breather after posting records closes for five straight days, while energy dropped 1%.
The Dow Jones Industrials recovered 7.91 points above Wednesday’s all-time high to 20,619.77, with Chevron leading decliners and Cisco Systems outperforming.
The S&P 500 dropped 2.03 points to 2,347.22, with energy leading six sectors lower and utilities the greatest advancer.
The NASDAQ settled 4.54 points to 5,814.90
In corporate news, investors pored over quarterly results from CBS, Wendy's, Alexion Pharmaceuticals and Marriott, to name a few reporting companies.
Economic data continued to come in strong Thursday, with weekly jobless claims holding around their lowest levels in more than 40 years, while the Philadelphia Federal Reserve manufacturing index hit its highest level since January 1984.
Prices for the benchmark 10-year Treasury note gained ground, lowering yields to 2.45% from Wednesday’s 2.5%. Treasury prices and yields move in opposite directions.
Oil prices regained 30 cents to $53.41 U.S. a barrel
Gold prices added $7.20 to $1,240.30 U.S. an ounce.
