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U.S. Stocks Little Changed on GDP, Jobless Claims

U.S. stocks were little changed, after the Standard & Poor’s 500 Index rose within a point of its record, as reports showed an increase in jobless claims and economic growth that slowed less than previously estimated.

Deckers Outdoor Corp. rallied 5.2 percent after Jefferies Group Inc. raised its price target. BlackBerry climbed 2.6 percent after reporting fourth-quarter results. Red Hat Inc. tumbled 1.4 percent as sales missed estimates. PVH Corp. retreated 3.6 percent after the apparel company forecast earnings will trail current analyst estimates.