Wall Street traded in a narrow range around the neutral line after a five-day rally on Thursday as investors were digesting mixed data on jobless claims and the manufacturing sector. The U.S. Labor Department said before the opening bell that the number of people applying for unemployment benefits rose by 24,000 last week to a seasonally adjusted 484,000, the highest level since late February. The report soured market sentiment as high unemployment rate was considered as the biggest obstacle to a sustained recovery. However, an upbeat report from UPS limited the losses. The world's largest shipping company said its profit was better than expected and raised its full- year outlook. The market paid close attention to UPS' results as they are regarded as an indicator for economic activity. Meanwhile, the New York Federal Reserve Bank said on Thursday that its Empire State Manufacturing index soared to 31.9 in April from 22.9 in March, showing the manufacturing sector was leading the country to an economic recovery. The Dow Jones industrial average slipped 9.98, or 0.09 percent, to 11,113.13. The Standard & Poor's 500 index dipped 0.33, or 0.03 percent, to 1,210.32 and the Nasdaq was up 8.07, or 0.32 percent, to 2,512.93. 