At 9:48 a.m. ET

At 9:48 a.m. ET (1348 GMT), the Dow Jones Industrial Average .DJI was down 10.05 points, or 0.05 percent, at 21,630.7, the S&P 500 .SPX was up 0.87 points, or 0.03 percent, at 2,474.70.

The Nasdaq Composite .IXIC was down 1.25 points, or 0.02 percent, at 6,383.79. 

Seven of the 11 major S&P sectors were higher, with the energy index's .SPNY 0.53 percent rise leading the advancers. 

Economic data showed weekly jobless claims fell to a five-month low. Claims fell to 233,000, below the 245,000 expected by economists polled by Reuters. 

American Express (AXP.N) fell 1.1 percent after the card company's profit declined 33 percent in the second quarter. 

Abbott Laboratories (ABT.N) rose 1.9 percent after the healthcare company raised its full-year profit forecast. 

Property and casualty insurer Travelers (TRV.N) was down 2.5 percent after reporting a drop in quarterly profit. 

T-Mobile (TMUS.O) was up 1.1 percent after the wireless carrier's quarterly results topped analysts' estimates. 

Advancing issues outnumbered decliners on the NYSE by 1,383 to 1,168. On the Nasdaq, 1,172 issues fell and 1,167 advanced.