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Stocks declined Thursday, giving back some of the gains that took the S&P 500 and NASDAQ to fresh record highs in the previous session.
The Dow Jones Industrial Average lost 98.05 points to 49,391.98.
The S&P 500 index brushed off 14.55 points to 7,123.35.
The NASDAQ gave up 130.69 points to 24,526.85.
Some of the biggest movers on Thursday included IBM and ServiceNow, which were respectively trading 9% and 15% lower after reporting their latest results.
Shares of Tesla shed 2% when CEO Elon Musk warned capital expenses would rise “substantially” as the electric vehicle maker moves into AI-powered self-driving cars and humanoid robots.
Prices for the 10-year Treasury improved, lowering yields to 4.29% from Wednesday’s 4.31%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.05 to $94.01 U.S. a barrel.
Gold prices tumbled $8.40 to $4,744.60 U.S. an ounce.
