Stock market today: Wall Street ends mixed even as the Dow ekes out another record

NEW YORK — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.4% to the all-time high it set the day before, and the Nasdaq composite edged up less than 0.1%. Nvidia and other companies in the chip industry led the way after global heavyweight TSMC reported bigger profit for the latest quarter than analysts expected.

The 2.9% rise for Nvidia was the strongest force pushing upward on the S&P 500, and it was a sharp turnaround from earlier in the week when a warning from a major Dutch supplier to the chip industry, ASML, sent stocks sinking across the industry. Because Nvidia and other tech stocks have grown so big, their movements pack extra weight on the S&P 500 and other indexes.

A separate report, meanwhile, said fewer U.S. workers applied for unemployment benefits last week, a signal that layoffs nationwide are relatively low and aren’t damaging the job market. Lower interest rates can ease the brakes off the economy, boost prices for investments and make borrowing bills less costly for households and businesses. And rates are heading lower around the world, with only a couple exceptions.

Blackstone also helped push indexes higher after the investor in real estate, hedge funds and other alternative investments reported stronger profit than expected. It climbed 7.1% after CEO Stephen Schwarzman said it's seeing broad-based acceleration across its businesses.

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