The Dow Jones industrial average rose 13.14 points, or 0.08 percent, to 17,515.73, the S&P 500 lost 0.77 points, or 0.04 percent, to 2,035.94 and the Nasdaq Composite added 4.64 points, or 0.1 percent, to 4,773.51.
Stocks began to dip this week after comments by US Federal Reserve officials, who raised expectations for more interest rate hikes in coming months than investors expected. St. Louis Fed President James Bullard was the latest to join a chorus of officials who highlighted the chance of at least two rate rises this year.
The possibility of more interest rate hikes pushed the dollar to a fifth day of gains, its best run since April. Oil and materials sectors dropped as a result. Record crude stockpiles further weighed on oil prices.
Meanwhile, the financial sector was the biggest loser, falling 0.65 percent. UBS rated Wells Fargo stock a "sell," due to a cloudy revenue outlook and credit risks. Wells Fargo, JP Morgan Chase and Citigroup were among the biggest drags on the S&P 500 index Thursday. Six of the 10 major S&P sectors were higher, however, led by a 1-percent rise in telecommunication services.
Yahoo shares rose 0.2 percent after activist hedge fund Starboard Value LP moved on Thursday to overthrow the entire board of the technology company. Staples shares were up 7 percent at $10.75 after a media report said a US judge rebuked the Federal Trade Commission's legal tactics in the Staples and Office Depot merger case.
NYSE advancing issues outnumbered decliners 1,532 to 1,460, for a 1.05-to-1 ratio on the upside; on the Nasdaq, a 1.17-to-1 ratio favored advancers.
The S&P 500 posted 10 new 52-week highs and 1 new low; the Nasdaq recorded 20 new highs and 54 new lows. Indexes are well off their 2016 lows, thanks largely to evidence of a reviving US economy and the recent sharp rebound in oil prices.
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