The S&P 500 and NASDAQ slid on Thursday after the two indexes hit fresh record highs earlier in the session.
The Dow Jones Industrials retreated 98.03 points to begin Thursday at 48,365.69.
The much-broader index dropped 5.21 points to 7,017.74
The NASDAQ faded 43.82 points to 23.972.20.
The indexes are still on pace for strong gains this week, however, as the S&P 500 has gained about 3% and NASDAQ has risen more than 4%, while the Dow has advanced 1%.
U.S.-listed shares of Taiwan Semiconductor shed 2.4%, despite reporting a record first-quarter profit, which increased by 58%, and beating analyst estimates. Revenue came in at 1.134 trillion new Taiwan dollars ($35 billion U.S.), compared to the NT$1.127 trillion expected, per LSEG.
Trump also announced Wednesday that talks between Israel and Lebanon will take place Thursday. Israel halting its attacks on Lebanon has been a key condition for Iran war negotiations beginning, the speaker of Iran’s parliament has said.
For Washington and Tehran, a second round of negotiations is under discussion, but nothing has been officially scheduled yet. That’s according to a White House official who asked not to be named to discuss the administration’s internal plans.
Prices for the 10-year Treasury demurred, raising yields to 4.29% from Wednesday’s 4.28%. Treasury prices and yields move in opposite directions.
Oil prices moved ahead $2.29 to $93.58 U.S. a barrel.
Gold prices faded $5.70 to $4,817.90 U.S. an ounce.
