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NEW YORK (CNNMoney)
The Dow Jones Industrial Average and the S&P 500 both dipped by more than 0.2%, while the Nasdaq gained 0.4%.
More than a third of the companies in the S&P 500 have reported second-quarter results so far, according to S&P Capital IQ. As of Wednesday afternoon, more than 65% had topped analysts' lowered expectations.
Tech stocks were getting a big boost from Facebook (FB).
Shares of Facebook surged more than 25% Thursday, a day after the social networking site posted strong quarterly results, led by a marked improvement in its mobile business.
The momentum propelled Zynga's (ZNGA) stock, as well. The app developer has games on Facebook.
General Motors (GM, Fortune 500) reported an improvement in second-quarter earnings but a slowdown in China pressured overall profits.
Dow Chemical (DOW, Fortune 500) and Tripadvisor (TRIP) also reported quarterly profit gains.
Amazon (AMZN, Fortune 500) and Starbucks (SBUX, Fortune 500) are due to report after the close.
In economic news, the government released jobless claims data Thursday morning in line with expectations. Initial claims rose to 343,000 for the week ended July 20, an increase of 7,000 from the previous week.
New orders of durable goods, also reported by the Census Bureau, surged past expectations. The number jumped by 4.2% in June to $244.5 billion and has risen for four of the past five months. The increase is largely due to a $5.4 billion increase in non-defense spending for capital goods.
Related: Fear & Greed Index, still greedy
U.S. stocks finished mostly lower Wednesday, though a tech rally fueled by Apple's (AAPL, Fortune 500) better-than-expected earnings on Tuesday limited the losses.
European markets were lower in midday trading. London's benchmark FTSE 100 index, Germany's DAX and the CAC 40 in France were all down by about 0.7%.
Asian markets ended with losses, even as the Chinese government announced a mini-stimulus plan that should give a boost to certain areas of the economy, including small businesses.
Baidu (BIDU) shares surged 14% after the Chinese Internet company reported a second quarter profit that topped analyst expectations.
Hong Kong's Hang Seng index lost 0.3% and the Shanghai Composite index declined by 0.6%.
In Japan, Tokyo's Nikkei fell by 1.1%.
First Published: July 25, 2013: 9:53 AM ET
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