Indexes Little Changed After S&P Record

The S&P 500 was little changed on Thursday, taking a pause a day after the S&P 500 notched a fresh record close, while traders awaited a key U.S. economic report.

The Dow Jones Industrials gained 55.15 points to open Thursday at 38,867.66.

The much-broader index inched up 2.05 points to 5,356.08, yet another fresh record.

The NASDAQ stepped back 0.62 points to 17,187.29.

Stocks are coming off a winning session. The S&P 500 jumped 1.2% Wednesday to close at a record, while the NASDAQ also hit an all-time high.

Nvidia powered those gains to top a $3 trillion market valuation and surpass Apple in value. Earlier this week, the company announced its next generation of AI chips, known as “Rubin.”

Lululemon jumped 8% as the sportswear manufacturer beat expectations in its fiscal first quarter. Five Below sank 18% on lackluster results and guidance.

Prices for the 10-year Treasury slid a bit, raising yields to 4.30% from Wednesday’s 4.29%. Treasury prices and yields move in opposite directions.

Oil prices grabbed 80 cents to $74.87 U.S. a barrel.

Gold prices hiked $8.10 to $2,383.60