S&P 500 close to breaking record

U.S. stocks closed higher Thursday.

NEW YORK (CNNMoney)

The Dow, S&P 500 and Nasdaq all moved a bit higher in early trading. The S&P 500 is within so-called "spitting distance" of breaking the 1,897 record level set last week.

So far, it's been a good week on Wall Street, with all three indexes in positive territory, lead by the Nasdaq's roughly 1.7% gain.

In the corporate world, Foot Locker (FL, Fortune 500) bounced after the retailer reported a 14% jump in first quarter sales. The company said its quarterly sales and profits were the highest in its history.

But things weren't all good in the world of apparel, as Aeropostale (ARO) shares plunged 16%. The clothing company reported a narrower-than-expected loss for the first quarter, but said comparable sales decreased 13%.

Shares of eBay (EBAY, Fortune 500) are recovering slightly after taking a hit Thursday. The e commerce conglomerate remains in the spotlight amid criticism that it was slow to inform customers about a hacking incident.

Related: CNNMoney's Tech30

Hewlett-Packard (HPQ, Fortune 500) was also enjoying a nice rebound of about 4% Friday. The tech giant fell Thursday in late trading. In an apparent error, the firm released its earnings report before the closing bell, which included plans to cut 11,000 to 16,000 jobs on top of the previously announced 34,000 job cuts.

On the international front, traders were keeping tabs on geopolitical developments. Speaking Friday at an international economic forum in St. Petersburg, Russian President Vladimir Putin warned of a "dangerous civil war" in Ukraine as fresh violence erupted ahead of this weekend's presidential election.

European markets were mixed in afternoon trading.

Related: Fear & Greed Index

In Asia, shares of Thailand's main index slipped 1% and the baht dipped against the dollar after Thursday's coup. Fitch said any further escalation in political instability could cause lasting damage to the economy.

Other Asian markets ended with gains.

First Published: May 23, 2014: 9:54 AM ET

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