U.S. stocks rose in choppy trading on Thursday as investors mulled over several economic reports that showed a muddy picture of the U.S. economy.
The Dow Jones Industrials gained 80.13 points to begin Thursday to 31,215.22
The S&P 500 acquired 4.46 points to 3,950.47.
The NASDAQ Composite added 12.04 points to 11,731.72.
Financial stocks outperformed, with Goldman Sachs rising 1.8% and JPMorgan climbing 1.6%.
However, shares of Adobe fell more than 11% after the company announced a $20-billion deal to buy Figma, weighing on the NASDAQ. Chevron dropped 1.3%, hurting the Dow.
On Thursday, initial jobless claims came in better than expected, but import prices saw a smaller drop than estimates suggested. Retail sales beat expectations, but were negative when excluding autos.
Manufacturing data also showed a slowing economy. While those reports suggest that the U.S. consumer sector is holding its ground for now, they will do little to alleviate concerns about persistent inflation.
Treasury prices gained a bit, lowering yields to 3.41% from Wednesday's 3.41%. Treasury prices and yields move in opposite direction.
Oil prices swooned $2.37 to $86.11 U.S. a barrel.
Gold prices dropped $9.50 to $1,699.60 U.S. an ounce.