Wall Street was mixed at the start of trading on Thursday, torn between the need to take a breather after recent record highs and good results, whether from Disney or the semiconductor sector.

At the end of the morning, the Dow Jones was down 0.2% at 38,607.9 points, while the Nasdaq Composite advanced 0.3% to 15,808.8 points. Unchanged at 4993.6 points, the S&P 500 is still languishing below the major psychological 5000-point threshold.

Investors seem to be catching their breath after a bullish sequence that has already seen the S&P gain almost 5% since the start of the year.

The trend is further dampened by the publication of encouraging labor market indicators, confirming the good health of the US economy and seemingly ruling out the scenario of further rate cuts.

This morning, the Labor Department reported 218,000 new jobless claims in the US for the week ending January 29, down 9,000 on the previous week.

Among the day's good news, Disney climbed 10% following the publication of better-than-expected quarterly results and a solid outlook.

'The group is well on its way to accelerating growth in fiscal 2023/2024', emphasized UBS analysts.

Still on the results front, the Nasdaq was boosted by Arm's strong rise (+60%) the day after the publication of its quarterly results.

The designer of energy-efficient processors is taking the whole sector in its wake, with rises of 4% for Marvell and 3% for Broadcom.

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