U.S. stocks wavered Thursday as Macy’s and Kohl’s posted strong earnings and unemployment data showed the labor market is continuing to recover.
The S&P 500 ticked up 0.3% to a fresh record high in 4 p.m. trading, reversing Wednesday’s 0.3% losses. The Nasdaq Composite Index rose 0.5%, also reaching a new high, as technology stocks added to early gains. The Dow Jones Industrial Average slipped 0.2%.