Updated from 1:14 p.m. EDT
Blue chips closed moderately higher in an abbreviated session Thursday, but tech shares stumbled as a steep drop in Nvidia (NVDA Quote) dragged down the chip sector.
The Dow Jones Industrial Average rose 73.03 points, or 0.7%, to 11,288, and the S&P 500 was higher by 1.38 points, or 0.1%, at 1262.90. The Nasdaq gave back 6.08 points, or 0.3%, to 2245.38.
Stocks initially took a hit after the Institute for Supply Management's June services index came in at 48.2, down from 51.7 for May and falling short of economists' prediction of 51. The number indicates a contraction in purchasing and supply activity in the service sector. Traders sold off stocks on the news, but the indices rebounded from their lows just as quickly. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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