S&P 500 Hits New Record High As Tech Stocks Mixed on Profit Reports
• S&P 500 closed at a record high of 5,029.73 on Thursday • Mixed economic data - retail sales dropped more than expected but jobless claims better than expected • Tech stocks were mixed - TripAdvisor up 9.2% but Cisco fell 2.4% after cutting profit forecast • Treasury yields fell as economic reports suggest Fed may cut rates later than March • CBRE Group and Shake Shack reported better than expected profits