Stocks finished mixed Thursday. The Dow lost 7 points to 25326, while the S&P 500 gained 13 points to 2827. The Nasdaq Composite climbed 95 points to 7802.
The major averages fluctuated as investors weighed strength in the Tech sector against lingering trade uncertainty. In geopolitical news, the U.S. announced the possibility of an additional $200 billion in tariffs on Chinese goods at a higher rate of 25%. On the data front, initial jobless claims advanced modestly to 218,000 in the prior week, but remain near the lowest level in 50 years. Additional updates showed factory orders increased 0.7% in June, while durable goods orders rose 0.8% during the same time-period.
Seven of 11 S&P 500 sectors finished in positive territory, with Tech shares pacing gains. Apple jumped 2.9% to $207.39 and became the first company to reach a market cap of $1 trillion. Consumer Staples outperformed with Clorox climbing 6.2% to $142.44 after besting analyst earnings forecasts. Materials lagged on the session with DowDuPont slipping 2.2% to $66.44 despite topping profit estimates. In other earnings, Wynn Resorts fell 6.6% to $149.43 after a disappointing quarterly report.
Breadth was positive on issues by 4:3 on the NYSE and 14:9 on the Nasdaq. Composite NYSE volume was more than 4.5 billion shares.
Treasuries strengthened with the yield on the 10-year note down two basis points to 2.98%. In commodities, WTI crude rose 2.1% to $69.06/barrel. COMEX gold was off 0.8% to $1208.10/ounce amid a stronger dollar.