NEW YORK (CNNMoney)
The Dow Jones Industrial Average rose 0.1%, the S&P 500 added 0.5% and the Nasdaq gained 0.3%.
Good news about the job market gave stocks an early boost. The U.S. government announced that initial jobless claims dropped to 339,000 in the latest week, significantly lower than the 351,000 claims that economists were predicting.
Several companies reported earnings before the market opened.
Exxon Mobil (XOM, Fortune 500) beat earnings forecasts but shares still fell in early trading. UPS (UPS, Fortune 500) also reported a jump in quarterly earnings.
Shares of Safeway (SWY, Fortune 500) tumbled more than 11%, as investors focused on weaker-than-expected sales even though the grocer reported a higher quarterly profit.
Dow Chemical (DOW, Fortune 500) reported better-than-expected earnings, fueled by sales of agricultural products.
Shares of Zynga (ZNGA) fell nearly 9%, a day after the online gaming company issued a gloomy forecast.
Amazon (AMZN, Fortune 500) and Starbucks (SBUX, Fortune 500) report their results after the close.
Related: Fear & Greed Index idles in neutral
In other corporate news, Verizon Communications (VZ, Fortune 500) may draw attention after Reuters reported the company had hired advisers to look at a possible $100 billion bid to take full control of Verizon Wireless from Vodafone Group (VOD). Vodafone declined to comment.
General Electric (GE, Fortune 500) edged higher, a day after finance subsidiary GE Capital decided to nix lending programs for gun purchases in the wake of last year's Newtown massacre.
U.S. stocks ended mixed Wednesday.
European markets were mixed in afternoon trading, following a report that the British economy dodged a triple-dip recession, according to preliminary estimates.
At the same time, Spanish unemployment rose a record to 27.2%, and European car sales sunk to their lowest level since the mid-1990s.
Related: Austerity debate rages in Europe
"With the eurozone recession deepening and global climate looking gloomy in general, I don't think many people are expecting UK growth to kick on from here," said Caxton FX analyst Richard Driver. "Major risks still hang over the UK economy but this certainly brightens the outlook for sterling a little."
Asian markets also ended mixed, with Hong Kong's Hang Seng gaining nearly 1% and Japan's Nikkei up 0.6%. The Shanghai Composite finished 0.9% weaker.
First Published: April 25, 2013: 9:48 AM ET
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