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Stocks cut gains on Thursday, drifting to session lows as a report that Deutsche Bank was considering a share sale offset optimism over better-than-expected economic data.
Financial shares came off their highs as Bloomberg cited sources saying Deutsche Bank
"We might have a little bit of risk aversion going on since those Deutsche Bank headlines came out about the capital raise, even though the Street seems to be confused about whether it's due to sovereign exposure or their take out of Postbank," said David Lutz, managing director of trading, Stifel Nicolaus Capital Markets in Baltimore.
The Dow Jones industrial average <.DJI> added 16.72 points, or 0.16 percent, to 10,403.73. The Standard & Poor's 500 Index <.SPX> gained 4.45 points, or 0.40 percent, to 1,103.32. The Nasdaq Composite Index <.IXIC> rose 5.43 points, or 0.24 percent, to 2,234.30.
(Reporting by Leah Schnurr; Editing by Kenneth Barry)
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