Roundup: U.S. stocks end little changed amid mixed data

U.S. stocks ended little changed after volatile trading Thursday, as investors digested a mixed bag of economic reports amid International Monetary Fund (IMF) chief's remarks on global economy.

The Dow Jones Industrial Average inched down 12.69 points, or 0.08 percent, to 16,272.01. The S&P 500 rose 3.79 points, or 0.20 percent, to 1,923.82. The Nasdaq Composite Index added 6.92 points, or 0.15 percent, to 4,627.08.

In the week ending Sept. 26, the advance figure for seasonally-adjusted initial jobless claims increased by 10,000 from the previous week's unrevised level to 277,000, above market consensus of 272,000, said the U.S. Labor Department Thursday.

The four-week moving average remained at a very low level of 270,750, a decrease of 1,000 from the previous week's unrevised average, suggesting continued strength in the labor market.

The U.S. September manufacturing purchasing managers' index (PMI) registered 50.2 percent, a decrease of 0.9 percentage points from the August reading of 51.1 percent, said the Institute Supply Management (ISM) Thursday.

"The combination of slowing global demand and a strong dollar is taking its toll on domestic manufactures," said Jay Morelock, an economist at FTN Financial, in a note.

The U.S. Commerce Department announced Thursday that construction spending during August 2015 was estimated at a seasonally adjusted annual rate of 1,086.2 billion U.S. dollars, 0.7 percent above the revised July estimate, beating market expectations.

Investors are also keeping a close eye on Friday's highly-watched nonfarm payrolls report for clues to the strength of the U.S. economy.

Meanwhile, in the curtain-raising speech for the IMF-World Bank annual meetings Wednesday, IMF Managing Director Christine Lagarde said the global economy is approaching closer to a "new mediocre" scenario -- the risk of low growth for a long time.

Lagarde expected that global growth will likely be weaker this year than last year, with only a modest acceleration expected in 2016 given the disappointing and uneven growth of the world economy.

The IMF is expected to downgrade its outlook for the global economy in its flag-ship report World Economic Outlook, which will be released at the annual meetings in Peru next week.

The CBOE Volatility Index, often referred to as Wall Street's fear gauge, fell 7.96 percent to end at 22.55 Thursday.

In other markets, oil prices dropped Thursday as global supplies exceeded demand.

The West Texas Intermediate for November delivery moved down 35 cents to settle at 44.74 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery decreased 68 cents to close at 47.69 dollars a barrel on the London ICE Future Exchange.

The U.S. dollar lost against euro amid mixed economic data ahead of the U.S. nonfarm payrolls report.

In late New York trading, the euro rose to 1.1185 dollars from 1.1175 dollars in the previous session, while the dollar bought 119.92 Japanese yen, higher than 119.91 yen of the previous session.

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday for a fifth straight session, with the most active gold contract for December delivery down 1.5 dollars, or 1.03 percent, to settle at 1,115.2 dollars per ounce. Endit