NEW YORK, New York - U.S. stocks were mixed on Thursday with the technology sector forging ahead, while industrials lagged.
"For the most part you're dealing with a slightly risk-off day with people going back to more defensive sectors" including big technology companies, Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina told Reuters Thursday.
"You're seeing oil down a little bit today so potentially there's some global growth concerns. You're seeing some inflation concerns as well."
IBM fell sharply on disappointing earnings, while in Latin America stocks and bonds were sold off on inflation fears. In Brazil, the Real dived 2 percent, while stocks tumbled 3 percent.
At the close, the Nasdaq Composite was ahead 94.02 points or 0.62 percent at 15,215.70.
The Dow Jones fell 6.26 points or 0.2 percent to 35,603.08.
The Standard and Poor's 500 nudged up 7.78 points or 0.22 percent to 3,594.78.
The U.S. dollar was mostly higher. The euro slipped to 1.1621 approaching the New York close Thursday. The British pound dipped to 1.3789. The Japanese yen was a tad higher at 114.03. The Swiss frac firmed to 0.9184.
The Canadian dollar declined to 1.2374. The Australian dollar retreated to 0.7466. The New Zealand dollar softened to 0.7159.
On overseas equity markets, the FTSE 100 in London dropped o.45 percent. The German Dax fell 0.32 percent. In Paris, France, the CAC 40 declined 0.29 percent.
On Asian markets, in Tokyo, the Nikkei 225 was the biggest loser, shedding 546.97 points or 1.87 percent to 28,708.58.
The Australian All Ordinaries was flat, adding just 1.30 points or 0.02 percent to 7,728.50.
In Hong Kong, the Hang Seng lost 118.49 points or 0.45 percent to 26,017.53.
China's Shanghai Composite edged up 7.78 points or 0.22 percent to 3,594.78.