The markets managed to hold onto narrow gains as investors took in mixed bag of economic reports ahead of the Thanksgiving holiday.
The number of Americans filing first time unemployment benefits dropped 41,000 to 410,000 last week, according to the Labor Department. That number was in line with expectations. Meanwhile, the four-week moving average rose to 396,250.
Also on the economic front, the Reuters/University of Michigan consumer sentiment survey shows that consumer sentiment rose to 82.7, marking the highest level in over four years.
Meanwhile, the Conference Board Leading Economic Index inched up 0.2 percent in October, which indicates modest economic growth in the near future.
Weekly mortgage applications were down 2.2 percent, according to the Mortgage Bankers Association. There was however an increase in demand for new loans.
Equipment maker Deere (NYSE:DE) posted earnings which fell short of expectations, while revenue beat estimates.
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