Stocks closed nearly flat on Wall Street Thursday as investors remain cautiously optimistic about prospects for a new round of government aid while the economic recovery seemingly stalls. Wall Street continued to digest solid corporate earnings and updates on a decline of new virus cases. The latest government report on jobless claims, though, reaffirmed that employment remains a weak spot in the economy as vaccine distribution ramps up in the hopes of eventually ending the pandemic and its impact. Technology stocks led the gainers.
The S&P 500 rose 6.50 points, or 0.2%, to 3,916.38.
The Dow Jones Industrial Average fell 7.10 points, or less than 0.1%, to 31,430.70.