12:14 PM EDT, 06/06/2024 (MT Newswires) -- US benchmark stock indexes traded mixed after the S&P 500 and Nasdaq Composite hit another record high, and government bond yields traded steady as investors weighed a surprise increase in jobless claims.

The Nasdaq Composite slipped less than 0.1% to 17,165.4 after reaching a record 17,235.73 level intraday for the first time. The S&P 500 was down less than 0.1% to 5,348 after touching a record high of 5,362.35 earlier in the session. The Dow Jones Industrial Average was up 0.04% to 38,823.7. Consumer discretionary and consumer staples led the gainers intraday, while technology and industrials were among the decliners.

In economic news, US initial jobless claims rose to 229,000 in the week ended June 1 from an upwardly revised 221,000 in the previous week, compared with expectations for a drop to 220,000 in a survey compiled by Bloomberg.

Meanwhile, the US international trade deficit widened to $74.56 billion in April from a $68.58 billion gap in March, versus the $76.5 billion shortfall expected in a survey compiled by Bloomberg. Imports rose more than exports, worsening the trade gap.

West Texas Intermediate crude oil jumped 2.2% to $75.72 a barrel.

In company news, J.M. Smucker (SJM) reported better-than-expected fiscal Q4 earnings while guiding to annual sales growth in fiscal 2025. Shares of the consumer packaged goods and pet food company jumped 5.4%, the top performer on the S&P 500.

Gold jumped 0.8% to $2,394 an ounce, and silver surged nearly 4% to $31.26.