10 August, 2017
All three major stock indexes dropped 0.2 per cent at the close, with the Dow Jones Industrial Average finishing at 22,085.34, halting a almost two-week run of closing records.
All the 11 major S&P indexed were lower, with technology sector's 0.62% leading the decliners.
In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Wednesday. Crude oil prices headed lower.
Blue Apron Holdings Inc (NYSE:APRN) posted a steeper-than-expected loss in its first quarterly report as a public company, though the meal service provider's revenue exceeded forecasts and its customer base grew by 23% during the past year.
The Dow Jones Industrial Average ended down 33.08 points, or 0.15 per cent, at 22,085.34, snapping a 9-day streak of closing records.
Gold was the big victor Wednesday as stocks pared back to moderate losses and Walt Disney (DIS) dragged on the Dow, while Netflix (NFLX) and Priceline Group (PCLN) hindered the Nasdaq and retailers took some brutal hits after reporting second-quarter results.
Shares of Macy's tumbled 8.3 percent and Kohl's 7.3 percent after the department store operators reported a drop in quarterly same-store sales that stoked concerns that their turnaround may still be a long way off.
The Nasdaq composite fell 13.31 points, or 0.2 percent, to 6,370.46. The S&P 500 and Dow were both coming off record highs.
European shares were also lower following reports that a vehicle had rammed a group of soldiers in Paris, injuring six before speeding off in what officials identified as a suspected terrorist attack.
A fresh batch of retail earnings is in focus, too, with Dillard's among several stocks within the sector set to plunge after reporting.
IN A SKID: Avis Budget Group slumped 6.8 percent after the auto rental company cut its guidance following a weak second quarter.
The Nasdaq is up 0.77 points, or 0.01 percent.
Safe-haven assets gained. Gold rose 1.2 percent, while the Swiss franc was on track to post its biggest single day rise in about two-and-a-half years.
BONDS: Bond prices fell.
NO ALARM: Envision Healthcare was up 4.5 percent after the ambulatory surgery center company said it will sell its medical transportation business to KKR.
Benchmark U.S. crude fell 22 cents to $49.17 a barrel on the New York Mercantile Exchange. South Korea's Kospi also suffered a loss, giving back 0.4%.
Meanwhile, gold stocks are bucking the downtrend, driving the NYSE Arca Gold Bugs Index up by 1.2 percent.
CURRENCIES: The dollar slipped to 109.78 yen from 110.06 late Wednesday in Asia. The Shanghai Composite Index lost 0.2 per cent to 3,275.57 and Hong Kong's Hang Seng was off 0.3 per cent at 27,757.09. The yield on the 10-year Treasury note held steady at 2.26 percent. The euro slid to $1.1760 from $1.1793.