U.S. stocks were mixed Thursday as investors sifted through a deluge of earnings reports and digested a pandemic-era low for weekly jobless claims. 

The Dow Jones Industrial Average fell 107 points, or 0.31%, while the S&P 500 index declined 0.01% and the Nasdaq Composite inched higher by 0.22%. Both the Dow and the S&P on Wednesday closed 0.1% below their respective record peaks. The Nasdaq was 1.7% off its own all-time high. 

Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 35487.66 -121.68 -0.34%SP500 S&P 500 4534.4 -1.79 -0.04%I:COMP NASDAQ COMPOSITE INDEX 15173.224665 +51.55 +0.34%

Data released Thursday morning showed weekly jobless claims fell to a pandemic-era low. Existing home sales are due out later Thursday morning.

Following the claims data, the yield on the 10-year note held at 1.66%, a five-month high. 

In stocks, Tesla Inc. reported record quarterly revenue and profits but warned supply chain bottlenecks would squeeze margins. Shares were trading at a record high midday. 

Ticker Security Last Change Change % TSLA TESLA, INC. 889.75 +23.95 +2.77%

Other tech names, including Netflix and Microsoft, also hit fresh records. 

Ticker Security Last Change Change % NFLX NETFLIX, INC. 649.96 +24.82 +3.97%MSFT MICROSOFT CORP. 309.30 +1.89 +0.62%

In other tech news, IBM Corp. posted weaker-than-expected quarterly revenue as cloud-computing sales edged up a disappointing 2.5%. The company said higher labor costs are not yet reflected in its pricing. 

Ticker Security Last Change Change % IBM INTERNATIONAL BUSINESS MACHINES CORP. 129.70 -12.20 -8.60%

AT&T Inc. beat on the top and bottom lines as the number of net new phone subscribers easily exceeded Wall Street estimates. 

Ticker Security Last Change Change % T AT&T, INC. 25.66 -0.26 -1.00%

Southwest Airlines Co.’s quarterly loss narrowed as travel demand roared back. The airline said travel disruptions caused by air traffic control issues, staffing shortages and bad weather in Florida earlier this month cost the company $75 million.

Ticker Security Last Change Change % LUV SOUTHWEST AIRLINES CO. 48.80 -0.66 -1.33%

Chipotle Mexican Grill Inc., Intel Corp. and Snap Inc. are among the companies set to release their quarterly results after the closing bell. 

Ticker Security Last Change Change % CMG CHIPOTLE MEXICAN GRILL, INC. 1,842.54 +19.19 +1.05%INTC INTEL CORP. 55.41 +0.04 +0.07%SNAP SNAP, INC. 75.34 -0.34 -0.45%

In commodities, West Texas Intermediate crude oil declined 47 cents to $82.95 a barrel while gold fell $1.60 to $1,783.30 an ounce. 

Overseas markets were under pressure. 

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European bourses were weaker across the board with Germany’s DAX 30 slipping 0.06%, France’s CAC 40 losing 0.39% and Britain’s FTSE 100 sliding 0.54%. 

In Asia, Japan’s Nikkei 225 sank 1.87% and Hong Kong’s Hang Seng index dipped 0.45%. China’s Shanghai Composite index, outperformed, trading up 0.22%.  

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