Stocks were little changed on Thursday, though the S&P and Nasdaq turned lower after data from the Philadelphia Federal Reserve showed new orders in the U.S. Mid-Atlantic region decelerated in March.

Earlier data showed initial jobless claims fell less than expected in the latest week, while February consumer prices were unchanged.

In any economic recovery you are going to get signs of economic weakness, and you've got it here in the Philadelphia Fed report, said Tim Ghriskey, chief investment officer of Solaris Asset Management in Bedford Hills, New York.

This is one of those reports that signals some caution and that we are certainly not out of the woods.

The Dow Jones industrial average <.DJI> was up 19.88 points, or 0.19 percent, at 10,753.55. The Standard & Poor's 500 Index <.SPX> was down 0.38 points, or 0.03 percent, at 1,165.83. The Nasdaq Composite Index <.IXIC> was down 0.33 points, or 0.01 percent, at 2,388.92.

Worries over Greece's fiscal situation added caution after its prime minister warned his country would not be able to make planned deficit cuts unless it can borrow money cheaply. Finance officials in Greece also strongly denied a report that it was scheduled to turn to the International Monetary Fund as soon as April.

Both Nike Inc and GameStop rallied after reporting results. Nike late Wednesday reported third-quarter earnings that beat expectations while GameStop forecast full-year sales growth of 4 percent to 6 percent.

Nike shares gained 5 percent to $74.39 while GameStop added 9 percent to $21.65.

Package delivery giant FedEx Corp posted a sharply higher quarterly profit that beat Wall Street's estimate, but shares fell 0.7 percent as some analysts said expectations had been for even stronger results.

Stocks gained on Wednesday, making for a seven-day winning streak for the Dow, its longest since an eight-session run in August 2009. Volume, however, has been lackluster ahead of key options expirations on Thursday and Friday, when four different types of options and futures contracts expire in a convergence known as quadruple witching.

(Additional reporting by Chuck Mikolajczak; Editing by Padraic Cassidy)