The Dow closed slightly higher on Thursday while the Nasdaq and S&P 500 closed lower in the second day of a so-called Santa Claus rally period.

Stock indexes drifted to a mixed finish on Wall Street Thursday, as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses.

According to the latest Labor Department data, weekly jobless claims fell to 219,000 compared with expectations of 223,000. However continuing claims pointed to a cooling labor market, jumping by 46,000 in the week ending Dec. 14 to 1.91 million, the highest level since November 2021.

Indexes fell in their first trading day after Christmas as traders hope for a so-called Santa Clause rally to propel markets higher into the new year.

Stocks were slightly higher in afternoon trading Thursday as the market looks to add to its gains from earlier in the week.

Asian Shares Are Mostly Higher in Thin Post-Christmas Holiday Trading BANGKOK (AP) — Asian shares were mostly higher Thursday in thin post-Christmas holiday trading, while oil prices rose. Japan's Nikkei 225 index surged 0.

Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market.