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Wall Street pares gains on lackluster data


    NEW YORK (Reuters) - Stocks pared some earlier gains on Thursday, with the Dow industrials and S&P 500 dipping briefly into negative territory, weighed by lackluster economic data.

    The Dow Jones industrial average gained 11.35 points, or 0.09 percent, to 12,920.05. The Standard & Poor's 500 Index gained 0.72 points, or 0.05 percent, to 1,373.50. The Nasdaq Composite Index gained 15.40 points, or 0.52 percent, to 2,958.00.

    Nasdaq was buoyed by gains in eBay and Qualcomm, with the overall tech sector also lifted by a more than 4-percent advance in shares of IBM.

    (Reporting by Rodrigo Campos)