Blue-chip stocks rose for a fifth-straight session after a reading on December retail sales rose more than expected.
The Dow Jones Industrial Average added 27.57 points, or 0.2%, to 13534.89, erasing morning losses to close near its high for the day. The Standard & Poor's 500-stock index added 1.66 points, or 0.1%, to 1472.34, a more than five-year high. The Nasdaq Composite Index gave up 6.72 points, or 0.2%, to 3110.78 as technology shares retreated.
The S&P Retail Select Industry Index jumped 2.1%, its biggest daily gain since Dec. 31, after Commerce Department data showed retail sales rose more than economists had forecast last month. Dollar General (DG)
"The better-than-expected retail sales numbers were a little encouraging," said David Joy, chief market strategist at Ameriprise Financial (AMP),
Other economic data were mixed. New York-area factory activity started the year contracting at a faster pace than economists had expected, according to the Federal Reserve Bank of New York's Empire State Manufacturing Survey.
U.S. wholesale prices slipped in December on lower food and energy costs. U.S. business inventories expanded in November at a pace that matched economists' projections, according to a Commerce Department report.
Technology shares led losses among the 10 S&P 500 sectors as Apple (AAPL)
The Dow Jones Transportation Average rose 0.7% to finish at an all-time high.
European stocks were mostly lower, with the Stoxx Europe 600 down less than 0.1%.
In Asia, Japanese stocks hit a 32-month intraday high before paring gains after the economy minister said an excessively weak yen isn't good for the Japanese economy. The Nikkei Stock Average finished 0.7% higher. South Korea's Kospi index fell 1.2%, while India's Sensex index gained 0.4% to its highest closing value in more than two years.
Crude-oil prices shed 0.9%, to settle at $93.28 a barrel, while gold added 0.9%, to settle at $1,683.40 a troy ounce. The dollar edged higher against the euro but fell against the yen. The yield on the 10-year Treasury note fell to 1.831% as prices rose.
In corporate news, home builder Lennar (LEN)
Lululemon Athletica (LULU)
USA Compression Partners declined 40 cents, or 2.2%, to 17.60, on the natural-gas compression-servicer provider's debut on the New York Stock Exchange. The deal was the first U.S. initial public offering of the year.