Stock market today: Stocks inch higher with key inflation print looming

US stocks were little changed on Thursday as investors assessed fresh economic data ahead of an inflation reading key to Federal Reserve policy. The S&P 500 rose nearly 0.1%, edging back toward an all-time high. The Dow Jones Industrial Average also rose about 0.1%. Meanwhile, the tech-heavy Nasdaq Composite led the gains, gaining 0.3%. Memory maker Micron's shares slid more than 7%, dragging chip stocks.

A reading on initial weekly jobless claims came in at 233,000, a decrease of 6,000 from the previous week, according to Department of Labor data. The print came in below a consensus expectation of 235,000. But recurring jobless claims rose to their highest since late 2021, suggesting it's taking longer for unemployed people to find a job. Real gross domestic product increased at an annual rate of 1.

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