The Nasdaq 100 rose in midday trading Thursday as investors digested mixed jobless claims data and after the Federal Reserve said industrial output dropped for the second-straight month in April.
The index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, added 10.33 points to 2,007.62 in midday trading. The broader Nasdaq composite rose 9.17 points to 2,505.87.
The number of laid off-workers applying for jobless benefits jumped last week by 6,000 to 371,000, but fell shy of analyst expectations.
Shares of construction and engineering company Foster Wheeler Ltd. rose $3.28, or 4.5 percent, to $77.30.
Shares of Steel Dynamics Inc. jumped $1.71, or 5 percent, to $36.19.
Shares of Focus Media Holding Ltd., which runs an advertising network in China, rose $2.04, or 5.3 percent, to $41.21.
On the losing side, shares of Electronic Arts Inc. shed $1.67, or 3.2 percent, to $51.15.
Shares of Apollo Group Inc., which runs the University of Phoenix, slipped $1.06, or 2.2 percent, to $47.70.
Shares of Celgene Corp. lost $1.08 to $59.92.
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