REUTERS: The S&P 500 was nearly flat on Thursday as investors weighed signs of progress in fiscal stimulus talks against data showing a surge in jobless claims, while energy stocks soared on a sharp jump in oil prices.
"Market is very fixated in anticipation that some type of deal can be made fairly soon," said Ryan Detrick, chief market strategist at LPL Financial in North Carolina. "The truth is the economy is still going to be a little slow in the first quarter, and the safety that the tech mega-caps can provide is making investors go right back in," Detrick said.
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