Major US equity indexes ended higher Thursday as the US dropped planned tariffs on Europe and backed off pressure involving Greenland.

* The personal consumption expenditures price index increased 0.2% in November, matching expectations and pushing the annual inflation rate to 2.8% from 2.7%, the Bureau of Economic Analysis reported.

* US jobless claims last week edged up by 1,000 to 200,000, below the 209,000 projected in a Bloomberg survey.

* March West Texas Intermediate crude oil fell $1.26 to settle at $59.36 per barrel, while March Brent crude, the global benchmark, was last seen down $1.18 at $64.06.

* Datadog (DDOG) shares rose 6.4%, the second-biggest gain on the S&P 500, after Stifel upgraded the stock to buy from hold and lowered its price target to $160 from $205.

* Abbott Laboratories (ABT) shares fell 10%, the largest drop on the S&P, after the company reported a Q1 earnings outlook below market expectations, and Q4 revenue missed expectations.