Energy stocks cause Dow Jones to drop
(Closed): US markets were mixed on Thursday, as falling energy stocks dragged down the Dow Jones while rising tech shares boosted the Nasdaq.
The tech-focused Nasdaq climbed 17.65 points to 4876.81.
Wholesale store Costco helped lead the Nasdaq, climbing 4.9% after it reported better than expected sales in June.
Energy shares were the day's big losers.
Airline shares climbed after the Department of Transportation approved plans for direct flights from several US cities to Havana- the latest step in easing relations between the US and Cuba.
Shares of Pepsi climbed 1.5% after its quarterly profits beat expectations.
Pepsi reported that second-quarter profits increased by 1.3% to $2bn.
Unemployment figures for June will be released on Friday, but investors appear to be expecting positive news.