U.S. stock benchmarks on Thursday were trading modestly higher as a trade meeting between President Donald Trump and China’s leader Xi Jinping was set to get under way. A stumble in shares of Boeing Co. BA, +0.00% on reports that additional computer issues with the aeronautics and defense contractor’s controversial 737 MAX fleet was dragging down the broader market. The Dow Jones Industrial Average DJIA, +0.28% was flat at 26,548, the S&P 500 index SPX, +0.58% climbed 0.3% at 2,922, while the Nasdaq Composite Index COMP, +0.48% advanced 0.5% at 26,537. HealthEquity Inc. HQY, +0.20% is buying WageWorks Inc. WAGE, -0.26% in a deal the companies are valuing at about $2 billion. In economic reports, a final reading of gross domestic product for the first quarter showed that growth remained at a strong 3.1% annual rate, while initial jobless claims, a proxy were a seasonally adjusted 227,000 in the week ended June 22, up 10,000 from the week before, the Labor Department said.
The S&P 500 halts a four-day slump but the Dow marks its longest skid since March.