Technology companies fared the worst, weighed down by a 1.3 percent drop by Microsoft and a 1.9 percent slide from Intel.
Gains by energy and Internet companies helped drive stocks broadly higher Thursday, snapping a two-day losing streak in an otherwise choppy week of trading.
Escalating US-China trade threats stagger global markets; Dow slumps more than 400
Lowe’s and Nordstrom were among the biggest decliners in the S&P 500 after the retailers reported quarterly results that fell short of Wall Street’s expectations.
The rally followed the US government’s decision to temporarily ease off proposed restrictions on technology sales to Chinese companies.
The S&P 500 index slipped from a six-month high as the US corporate earnings season kicks into high gear.
Treasuries dropped as data confirmed the economy remains on solid footing.
Small-company stocks also stood out, beating the rest of the market.