The Dow Jones Industrial Average lost 36 points, or 0.2%, to 17,696.
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The S&P 500 was down 13.53 points, or 0.65 per cent, at 2,061.47 and the Nasdaq Composite index was down 30.06 points, or 0.59 per cent, at 5,036.96.
Nordstrom could also suffer losses on Friday, after the fashion retailer posted results that fell short of Wall Street’s expectations late on Thursday. It was a quieter day than usual due to the Veterans Day holiday, which closed bond markets and banks. The market got blindsided by data from the American Petroleum Institute that revealed a surprise spike in supplies.
Data and Fed speakers: Investors will have to wade through several appearances by Fed officials on Thursday.
Stocks rose at the open Wednesday as Wall Street seeks to shake off worries about a potential Fed rate hike in December and move higher. At 9:45 a.m. Eastern, Richmond Fed President Jeffrey Lacker will appear on a panel at the same conference.
Chicago Fed President Charles Evans said Thursday that the Fed is close to reaching its employment mandate, but added he is less confident about reaching the inflation goal within a reasonable time frame.
But NY Fed President William Dudley said “it is quite possible that the conditions the Committee has established to begin to normalize monetary policy could soon be satisfied”.
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On the economic data front, investors will closely monitor a reading on advance retail sales for October, released at 1330 GMT, which is expected to show sales rose 0.3% compared with a 0.1% gain in September.
