The Dow Jones Industrials sprang up from its lows of the day, still behind 95.99 points, though, to reach noon Thursday at 30,177.88.
The S&P 500 docked 8.85 points to 3,774.90.
The NASDAQ Composite recovered 11.52 points to 11,160.15.
All major averages are on pace to end the week about 5% higher.
Energy was the best-performing sector, gaining 1.2%. Utilities lagged, falling more than 1%.
Cowen reiterated an overweight rating on Netflix ahead of its third-quarter earnings results this month, saying the streaming company remains “the most popular living room TV option.”
Analyst John Blackledge expects the stock can surge roughly 37% to the firm’s $325 price target. Netflix closed Wednesday at $236.73. The stock is up nearly 1% during Thursday’s trading session.
Economically speaking, weekly jobless claims rose more than expected last week, the U.S. Labor Department reported Thursday.
Initial filings for unemployment benefits totaled 219,000 for the week ended Oct. 1, up 29,000 from the week before and higher than the 203,000 estimate. The downwardly revised 190,000 from the previous week was the lowest level since April 23.
Treasury prices stumbled, lifting yields to 3.82% from Wednesday’s 3.75%. Treasury prices and yields move in opposite direction.
Oil prices recovered 40 cents to $88.16 U.S. a barrel.
Gold prices faltered $1.40 to $1,719.40 U.S. an ounce.