US stocks Thursday edged lower after recent record-setting gains, despite a favourable report on jobless claims.
Five minutes into trade, the Dow Jones Industrial Average dropped 1.99 (0.01 per cent) to 15,103.13.
The broad-based S&P 500 slipped 0.70 (0.04 per cent) to 1,631.99, while the tech-rich Nasdaq Composite Index shed 0.92 (0.03 per cent) to 3,412.35.
The losses came after the Dow and S&P set fresh record highs amid low interest rates and somewhat better US economic data.
The Department of Labor reported Thursday that new claims of US unemployment insurance benefits fell to 323,000, well below the 336,000 consensus estimate.
Major indices “are poised to take a breather from their recent rally despite this morning’s positive update on the labour market,” said Wells Fargo in a market note.