Stocks Hover Near Highs as Oil Sinks; Economic Data Shows Mixed Signals

Equities

* S&P 500: +0.2%
* Nasdaq 100: -0.3%
* Dow Jones Industrial Average: +0.6%
* Philadelphia Stock Exchange Semiconductor Index: -1.3%
* Russell 2000: +0.2%

Bonds

* 10-Year Treasury Yield: +3 basis points to 4.64%
* 10-Year German Yield: +1 basis point to 2.54%

Commodities

* West Texas Intermediate Crude: -0.9% to $74.76 per barrel
* Spot Gold: -0.2% to $2,750.68 per ounce

Indices

* Bloomberg Magnificent Seven Total Return Index: -0.1%
* Stoxx Europe 600: +0.4%
* MSCI World Index: +0.2%

Forex

* Bloomberg Dollar Spot Index: Unchanged
* Euro: Unchanged at $1.0412
* British Pound: +0.2% to $1.2341
* Japanese Yen: +0.3% to 156.04 per dollar

Bitcoin

* Bitcoin: +1.7% to $105,822

Key Events

* Bank of Japan policy meeting, Friday
* Eurozone HCOB Manufacturing & Services PMI, Friday
* US University of Michigan consumer sentiment, existing home sales, S&P Global Manufacturing & Services PMI, Friday

Economic Data

* Number of Americans on benefit rolls climbs to a more than three-year high.
* First-time applications for US unemployment insurance edge higher.
* Union Pacific Corp. quarterly earnings top Wall Street estimates.
* Freeport-McMoRan Inc. copper sales projections miss analyst estimates.
* Elevance Health Inc.'s medical costs lower than expected in Q4.

Corporate Highlights

* American Airlines Group Inc. warns of a surprise loss in Q1.
* Alaska Air Group Inc. beats Wall Street estimates.
* Electronic Arts Inc. warns of weaker financial results.
* General Electric Co. exceeds Wall Street expectations for profit and sales.
* ByteDance explores a deal to keep TikTok in the US.