U.S. stocks traded in a narrow range for the third straight session and the broader market averages ended fractionally higher. At the closing bell, the Dow Jones Industrial Average ticked higher, the S&P 500 added 0.25% and the Nasdaq Composite gained 0.4%.
Telecom and energy names led the way higher on Thursday, while financial stocks lagged. Elsewhere, the yield on the benchmark 10-year U.S. Treasury note fell six basis points to 2.188% On the other hand, crude oil rallied nearly 3% for the second straight session.
Lumber Liquidators (LL) and Bruker (BRKR) fell 16% and 14%, respectively, after C-level executive departures. NetApp (NTAP) also dropped 10% on a lower earnings outlook.
In after-hours action, Hewlett-Packard (HPQ) is trading fractionally higher after management posted better-than-expected quarterly earnings.
Looking ahead to Friday morning, Campbell Soup (CPB) and Deere (DE) headline the earnings calendar. On the economic front, we'll get a look at consumer prices before the opening bell. Economists are predicting 0.1% month-over-month growth, or 0.2%, excluding food and energy.