The Dow Jones Industrials vaulted 299.9 points to 39,134.76.
The much-broader index dumped 13.86 points to 5,473.17.
The NASDAQ faded 140.65 points, to 17,721.59.
Nvidia declined 3.5% after rising earlier in the session. The chipmaker temporarily unseated Microsoft as the most valuable public company on Tuesday. Shares have climbed more than 160% this year as the AI boom continues to boost equities even as consumers show slowing signs of spending.
Darden Restaurants edged up 1.5% after topping earnings expectations. Gilead Sciences popped 8.5% and notched its best day since 2022 following a successful late-stage trial of its HIV prevention shot.
Stocks are headed for a winning week, with the S&P 500 and Nasdaq notching new records. The stock market was closed Wednesday for the Juneteenth holiday.
Fresh economic data released Thursday contributed to some recent signs of a slowing economy. That data included higher-than-expected weekly jobless claims and poor housing starts and permits. A reading of the Philadelphia fed Manufacturing Index also came in below expectations.
Prices for the 10-year Treasury sagged, raising yields to 4.26% from Tuesday’s 4.21%. Treasury prices and yields move in opposite directions.
Oil prices gained 77 cents to $82.34 U.S. a barrel.
Gold prices rose $25.20 to $2,372.20