S&P 500 little changed as investors eye Mideast talks

The Dow Jones Industrial Average .DJI fell 387.67 points, or 0.71%, to 53,961.45, the S&P 500 .SPX lost 5.72 points, or 0.07%, to 7,718.05 and the Nasdaq Composite .IXIC gained 11.48 points, or 0.04%, to 26,374.92. Declining issues outnumbered advancers by a 1.46-to-1 ratio on the NYSE and by a 1.35-to-1 ratio on the Nasdaq. The S&P 500 posted 29 new 52-week highs and four new lows while the Nasdaq Composite recorded 119 new highs and 63 new lows. SpaceX SPCX.O shares erased losses from earlier in the session and were up nearly 2%, defying expectations that they would be pressured by insider selling, as the lock-up period for early investors holding the stock expired. On the data front, the number of Americans filing claims for unemployment benefits increased slightly last week. The report came ahead of closely watched nonfarm payrolls figures for July due on Friday, which could be key in assessing the Federal Reserve's future interest rate path at a time when Chairman Kevin Warsh has scaled back on forward guidance from the central bank. Software stocks weighed down by AppLovin, Datadog results. Data storage company Western Digital WDC.O tumbled nearly 11% and memory chip maker Sandisk SNDK.O dropped more than 4% in the wake of quarterly results. Both companies have surged this year, however, with Sandisk up more than 400% and Western Digital up about 170%. AppLovin APP.O plunged more than 18% after the marketing platform missed Wall Street estimates for quarterly revenue, while Datadog DDOG.O plummeted about 17% after the cloud security firm said it expects revenue growth to slow in the third quarter. Both stocks were among the biggest drags on the benchmark S&P index. U.S. stocks dipped on Thursday, pausing after a strong start to the week, as investors digested the latest round of corporate earnings and looked for signs of progress toward a peace deal between the U.S. and Iran. A robust earnings season, which has tempered some concerns about the massive spending by AI-related companies, and growing optimism over possible progress toward a peace deal in the Iran war helped propel both the Dow Industrials and S&P 500 to record highs earlier this week. Oil prices rose, with U.S. crude CLc1 up 2.75% at $77.29 a barrel and Brent LCOc1 at $82.35 per barrel, up 3.65%. Iran's semi-official Fars news agency reported that an Iranian parliamentary committee is reviewing a preliminary bill that would bar U.S., Israeli and other "hostile" vessels from transiting the Strait of Hormuz. "You're seeing perhaps more muted response to macro news than you would otherwise see, probably due to the fact of the summer and a little bit of fatigue, there's a little bit of headline fatigue, specifically around Iran," said Robert Bernstone, head of trading at SummitTX Capital in New York. "Iran is having less of an impact right now, to be clear, I'm not saying it has no impact ... tweets are something, headlines are something, but we really want to see the devil is in the details."

S&P 500 little changed as investors eye Mideast talks

Major indexes close mixed

SpaceX lock-up period expires ahead of payrolls data

Software stocks fall on results from AppLovin and Datadog

Stocks little changed as investors watch Iran peace talks

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