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The S&P 500 and NASDAQ Composite pulled back from fresh all-time intraday highs on Thursday.
The Dow Jones Industrial Index gave up 172.69 points to observe noon hour EDT Thursday at 46,429.09
Costco was one of the bright spots of the day, as shares gained 2% after the big-box retailer delivered solid September sales data. Delta Air Lines was another winner, jumping 5% on better-than-expected earnings.
The much broader index lost 18.59 points to 6,735.20
The tech-heavy NASDAQ faded 46.14 points to 22,997.24.
Investors will monitor morning remarks from Federal Reserve Chair Jerome Powell at a community bank conference, as well as speeches from other Fed officials such as Michelle Bowman and Mary Daly throughout the day.
These appearances come a day after the Fed released minutes for its most recent policy meeting showing divisions around what to do next with interest rates.
Prices for the 10-year Treasury dipped, raising yields to 4.14% from Wednesday’s 4.13%. Treasury prices and yields move in opposite directions.
Oil prices removed 52 cents to $62.03 U.S. a barrel.
Gold prices dropped $35.80 to $4,034.70 U.S. an ounce.
US Market Updates