The Dow Jones Industrials fell 4.81 points short of breakeven to finish Thursday at 33,946.71.
The S&P 500 picked up 16.2 points to 4,366.07.
The tech-heavy NASDAQ index recovered 56.63 points to 13,558.83.
Investors snapped up some major tech stocks that got dinged this week. Tesla shares were higher, despite falling earlier, even after the second major Wall Street bank in as many days downgraded the high-flying retail trader darling that has doubled this year. Meanwhile, shares of Amazon were higher by more than 3%. Microsoft and Apple rose more than 1%.
Elsewhere, Boeing supplier Spirit AeroSystems dropped 9% after the company halted production in its Kansas facility. This follows a worker strike announcement, set to start Saturday. Separately, Boeing shares also dropped more than 2%, weighing on the Dow.
Investors digested higher-than-expected weekly jobless claims data Thursday morning. The U.S. Labor Department reported first-time filings for unemployment benefits totaled 264,000 for the week ended June 17. Economists polled by Dow Jones were expecting a total of 256,000.
The Bank of England raised interest rates by 50 basis points on Thursday, its 13th consecutive increase. The decision follows this week’s latest inflation data for the U.K., which showed a higher-than-expected reading of 8.7% in May.
Prices for the 10-year Treasury sagged, raising yields to 3.80% from Wednesday’s 3.72%. Treasury prices and yields move in opposite directions.
Oil prices lost $3.12 to $69.41 U.S. a barrel.
Gold prices dulled $20.40 to $1,924.50 U.S. an ounce.