NEW YORK — U.S. stocks are drifting around their records Thursday following some mixed data on the economy, including theThe S&P 500 was 0.3% higher in early trading, a day after jumping to an all-time high. The Nasdaq composite was also building on its own record and up 0.7%, as of 9:40 a.m. Eastern time. The Dow Jones Industrial Average was down 154 points, or 0.4%.
High interest rates have been dragging on some parts of the economy, particularly manufacturing. A separate report on Thursday showedlast week than economists expected, though the number is still low relative to history. Dave & Buster’s Entertainment sank 10.2% after reporting worse drops for profit and revenue for the latest quarter than expected, citing a “complex macroeconomic environment” among other reasons. Other companies have recently been detailing a split among their customers, whereSome companies have been able to skyrocket regardless of the pressures on the economy because of an ongoing frenzy around artificial-intelligence technology.
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