Source: Sharecast
At the close, the Dow Jones Industrial Average was down 0.58% at 42,098.70, while the S&P 500 lost 0.56% to 5,888.55 and the Nasdaq Composite saw out the session 0.51% weaker at 19,100.94.
The Dow closed 244.95 points lower on Wednesday, taking a bite out of gains recorded in the previous session after Donald Trump delayed tariffs on the European Union.
Investors thumbed over minutes from the Federal Reserve's May meeting, growing cautious after central bankers expressed concerns that Trump's "Liberation Day" tariffs could aggravate inflation and create a difficult quandary with interest rate policy. "Participants agreed that uncertainty about the economic outlook had increased further, making it appropriate to take a cautious approach until the net economic effects of the array of changes to government policies become clearer," read the minutes. "Participants noted that the Committee might face difficult tradeoffs if inflation proves to be more persistent while the outlooks for growth and employment weaken."
On the macro front, mortgage applications fell by 1.2% in the week ended 23 May, according to the Mortgage Bankers Association of America, extending the 5.1% decline in the previous week to the lowest level in three months. Applications to refinance a mortgage fell by 7.1%, while applications to purchase a home rose by 2.7%.
Elsewhere, the Richmond Federal Reserve's manufacturing index increased to -9 points in May, up from -13 in April and in line with market expectations.
In the corporate space, all focus will be on Q1 earnings from chipmaker Nvidia after the close.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Unitedhealth Group Inc. (UNH) $298.47 1.18%
Apple Inc. (AAPL) $201.25 0.52%
Boeing Co. (BA) $201.63 0.30%
Visa Inc. (V) $359.96 0.18%
Dowdupont Inc. (DWDP) $0.00 0.00%
American Express Co. (AXP) $293.67 -0.03%
Procter & Gamble Co. (PG) $167.52 -0.14%
Amgen Inc. (AMGN) $278.87 -0.21%
Walgreens Boots Alliance, Inc. (WBA) $11.18 -0.31%
Walmart Inc. (WMT) $97.26 -0.33%
Dow Jones - Fallers
Dow Chemical Co. (DOW) $28.42 -1.73%
Merck & Co. Inc. (MRK) $76.31 -1.65%
Nike Inc. (NKE) $61.80 -1.64%
Chevron Corp. (CVX) $136.00 -1.33%
Goldman Sachs Group Inc. (GS) $608.91 -1.11%
International Business Machines Corporation (CDI) (IBM) $260.54 -1.02%
Salesforce.Com Inc. (CRM) $274.62 -0.93%
Travelers Company Inc. (TRV) $273.45 -0.88%
Verizon Communications Inc. (VZ) $43.13 -0.85%
Coca-Cola Co. (KO) $71.21 -0.79%
S&P 500 - Risers
Advance Auto Parts (AAP) $52.36 5.56%
Kohls Corp. (KSS) $8.16 3.16%
Hologic Inc. (HOLX) $63.98 2.91%
Nektar Therapeutics (NKTR) $0.69 2.73%
Illumina Inc. (ILMN) $84.70 2.68%
TripAdvisor Inc. (TRIP) $14.65 2.20%
Macerich Co (MAC) $15.72 2.08%
CVS Health Corp (CVS) $62.55 1.97%
Expedia Group Inc. (EXPE) $167.93 1.78%
Equifax Inc. (EFX) $262.78 1.70%
S&P 500 - Fallers
Cadence Design Systems Inc. (CDNS) $284.86 -11.83%
Synopsys Inc. (SNPS) $453.89 -11.31%
Smith A O Corp. (AOS) $63.92 -6.78%
Ansys Inc. (ANSS) $325.61 -6.49%
Constellation Brands Inc. Class A (STZ) $178.70 -3.88%
Edison International (EIX) $55.00 -3.68%
AES Corp. (AES) $9.72 -3.48%
Dollar General Corp (DG) $97.75 -3.20%
HP Inc (HPQ) $27.45 -3.14%
D. R. Horton Inc. (DHI) $117.72 -3.10%
Nasdaq 100 - Risers
Hologic Inc. (HOLX) $63.98 2.91%
Illumina Inc. (ILMN) $84.70 2.68%
Trip.com Group Limited (TCOM) $63.01 2.04%
Expedia Group Inc. (EXPE) $167.93 1.78%
Broadcom Inc. (AVGO) $238.91 1.38%
Take-Two Interactive Software Inc. (TTWO) $228.64 1.05%
DENTSPLY Sirona Inc. (XRAY) $16.50 0.95%
Western Digital Corp. (WDC) $52.24 0.82%
Align Technology Inc. (ALGN) $179.83 0.72%
Sirius XM Holdings Inc (SIRI) $22.41 0.67%
Nasdaq 100 - Fallers
Cadence Design Systems Inc. (CDNS) $284.86 -11.83%
Synopsys Inc. (SNPS) $453.89 -11.31%
Qvc Group Inc Series A (QVCGA) $4.49 -2.92%
Liberty Global plc Series C (LBTYK) $9.73 -2.84%
JD.com, Inc. (JD) $31.64 -2.78%
Liberty Global plc Series A (LBTYA) $9.52 -2.66%
Check Point Software Technologies Ltd. (CHKP) $223.65 -2.17%
Skyworks Solutions Inc. (SWKS) $69.89 -2.10%
Regeneron Pharmaceuticals Inc. (REGN) $592.48 -1.79%
American Airlines Group (AAL) $11.46 -1.54%