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 (^GSPC) rose nearly 0.1%, edging back toward an all-time high. The Dow Jones Industrial Average (^DJI) also rose about 0.1%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) led the gains, gaining 0.3%.
Memory maker Micron’s (MU) shares slid more than 7%, dragging chip stocks. Nvidia (NVDA) was down nearly 2%, reviving worries of a return to the sell-off that rattled markets last week.
Investors were weighing a new batch of economic data ahead of the PCE inflation print on Friday that will influence the Fed’s thinking on the timing of interest rate cuts.
