The Dow Jones Industrial Average rose 141.59 points, or 0.41 percent, to 34,464.64. The S&P 500 increased 4.89 points, or 0.12 percent, to 4,200.88.
The Nasdaq Composite Index fell 1.72 points, or 0.01 percent, to 13,736.28. Six of the 11 primary S&P 500 sectors ended in green, with industrials and financials up 1.37 percent and 1.19 percent, respectively, leading the gainers. Utilities slipped 0.66 percent, the worst-performing group. U.S.-listed Chinese companies traded roughly flat with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
On the economic front, U.S. initial jobless claims, a rough way to measure layoffs, decreased by 38,000 to 406,000 in the week ending May 22, the Department of Labor reported on Thursday. The reading marked a fresh pandemic-era low. Economists had expected jobless claims to dip to 425,000.
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