U.S. stocks fluctuated, with benchmark indexes near all-time highs, as investors assessed data on labor, manufacturing and housing to gauge the strength of the American economy.
Phone companies climbed 1 percent, while technology stocks gained as Hewlett-Packard Co. rose to the highest level since May 2011 even after missing analyst estimates in an earnings report yesterday. Energy producers decreased as Seadrill Ltd. suspended dividends amid the lowest oil prices in more than four years.
The Standard & Poors 500 Index rose less than 0.1 percent to 2,068.5 at 12:01 p.m. in New York. The Dow Jones Industrial Average fell 16.5 points, or less than 0.1 percent, to 17,798.44. The Nasdaq 100 Index climbed 0.4 percent. Trading in S&P 500 companies was 30 percent below the 30-day average for this time of the day. U.S. markets will be closed tomorrow for the Thanksgiving holiday.