U.S. stocks bounced back from earlier losses and the major stock market averages finished 0.4% to 0.5% higher on Thursday. Financial and technology names led the way higher, while energy stocks lagged. Elsewhere, crude oil fell 3% on the session and the yield on the benchmark 10-year U.S. Treasury note fell 6.3 basis points, to 2.18%.
Yelp (YELP) was the big winner of the session, gaining 23% on media reports the company is working with Goldman Sachs (GS) to find a buyer. SunEdison (SUNE) also moved 12% higher on news the company is creating a second YieldCo dividend vehicle.
In after-hours action, Tableau Software (DATA) is trading 7% higher in reaction to its quarterly report. On the other hand, Sprouts Farmers Market (SFM) is down 8% after falling short of quarterly expectations.
Looking ahead to Friday, AOL (AOL) headlines the earnings calendar. On the economic front, we'll get a look at the April jobs data before the opening bell. The consensus analyst estimates call for the addition of 228,000 non-farm payrolls, 225,000 private jobs and the unemployment rate to tick down toward 5.4%.