US stocks were little changed on Thursday as investors assessed fresh economic data ahead of an inflation reading key to Federal Reserve policy. The S&P 500 rose nearly 0.1%, edging back toward an all-time high. The Dow Jones Industrial Average also rose about 0.1%. Meanwhile, the tech-heavy Nasdaq Composite led the gains, gaining 0.3%. Memory maker Micron's shares slid more than 7%, dragging chip stocks.
A reading on initial weekly jobless claims came in at 233,000, a decrease of 6,000 from the previous week, according to Department of Labor data. The print came in below a consensus expectation of 235,000. But recurring jobless claims rose to their highest since late 2021, suggesting it's taking longer for unemployed people to find a job. Real gross domestic product increased at an annual rate of 1.
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