Wall Street drifted to a mixed close as drops for Ford Motor and Qualcomm worked against buoyant fashion and cigarette stocks.
The S&P 500 rose 0.4 percent Thursday following healthy gains for stock markets across much of Europe and Asia. The Dow Jones Industrial Average fell 125 points, or 0.3 percent, and the Nasdaq composite rose 0.5 percent.
Both Ford and Qualcomm fell despite reporting better profits than expected. Tapestry, Ralph Lauren and Philip Morris International rose.
On Thursday:
The S&P 500 rose 22.09 points, or 0.4 percent, to 6,083.57.
The Dow Jones Industrial Average fell 125.65 points, or 0.3 percent, to 44,747.63.
The Nasdaq composite rose 99.66 points, or 0.5 percent, to 19,791.99.
The Russell 2000 index of smaller companies fell 9.11 points, or 0.4 percent, to 2,307.12.
For the week:
The S&P 500 is up 43.04 points, or 0.7 percent.
The Dow is up 202.97 points, or 0.5 percent.
The Nasdaq is up 164.55 points, or 0.8 percent.
The Russell 2000 is up 19.43 points, or 0.8 percent.
For the year:
The S&P 500 is up 201.94 points, or 3.4 percent.
The Dow is up 2,203.41 points, or 5.2 percent.
The Nasdaq is up 481.20 points, or 2.5 percent.
The Russell 2000 is up 76.96 points, or 3.5 percent.
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