The Nasdaq .IXIC fell 0.4 percent as Apple shares slid after reporting lower than expected iPhone sales on Tuesday. Prices hit a low of $1,236.01, a level not seen since March 21.
Media stocks fell after Time Warner reported poor advertising sales for cable TV.
Apple fell 1 percent Wednesday after investors weren't thrilled with the company's first-quarter results, which included lower-than-expected iPhone sales. The FOMC unanimously made a decision to leave interest rates unchanged but signaled that the recent disappointing USA economic data would not derail plans for further rate hikes this year. The markets reacted positively to the FOMC statement and are still pricing in a June rate hike.
The Fed is in its first tightening cycle in more than a decade after it spent years keeping rates near zero to help the economy following the 2007-2009 recession. That sent bank stocks higher, which narrowed the market's losses.
We could continue to see periods of short-covering related to technically oversold conditions, but the overall fundamentals are bearish - namely rising interest rates make the dollar strong and gold a less attractive investment.
Ryan Detrick, senior market strategist for LPL Financial, said he agrees that the economy will improve following a sluggish first quarter.
The weak US auto sales figures could make market participants wary of actively buying the dollar against the yen for now, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore. The Dow Jones industrial average rose a fraction to 20,957.90.
The dollar index, which tracks the greenback against a basket of trade-weighted peers, rose 0.1 percent to 99.055.
Global benchmark Brent added 0.9 percent to $50.92 a barrel, after falling 2.1 percent overnight to its lowest closing price this year. The stock gave up $1.34, or 11.7 percent, to $10.06.
Country music legend Loretta Lynn suffers stroke
According to her official Facebook page , it happened at Lynn's home in Hurricane Mills in Humphreys County, Tennessee. Unfortunately, Lynn has suffered quite a few health problems over the last few years.
Oil prices fell for the fourth day in a row on Thursday, nearing their lowest level since late March after data showed a lower than expected decline in US inventories. Apple is up 25 percent this year and recently set all-time highs.
The U.S. Treasury earlier on Wednesday said it is studying the possibility of issuing ultra long-term bonds. The stock jumped $8.95, or 17.6 percent, to $59.75.
The Aussie-US. spread was more than 2 percentage points in 2012 when the proportion of foreign ownership peaked at 76% amid a hunt for yield and diversification by reserve managers.
Delphi Automotive surged after it said it will spin off its powertrain systems business as a separate publicly traded company.
ENERGY: U.S. benchmark crude dipped 7 cents to $47.61 a barrel in NY. It said it's received an all-stock offer worth $135.96 per share from an undisclosed buyer. The Tokyo and Hong Kong markets were both closed on holiday Wednesday.
The euro EUR=EBS was steady at $1.0889 early on Thursday, after losing 0.4 percent on Wednesday.
US crude CLc1 recovered 0.9 percent to $48.07, after sliding to its lowest closing price since March 21 on Tuesday.
The British FTSE 100 retreated 0.2 percent and France's CAC 40 lost 0.1 percent.
The Raptors missed their first dozen three-point attempts , yet still they were hanging with the Cavs point for point. Norman Powell scored 13 points and Serge Ibaka had 12 for the Raptors, who shot a dismal 2 for 18 from 3-point range.
Yankees closer Aroldis Chapman received his 2016 World Series ring before today's game against the Chicago Cubs. He played on a lot of teams that were really bad and he played really hard the whole time".
The attorney also claimed what went on inside the Rockville High School bathroom was both "pre-planned" and consensual. Press Secretary Sean Spicer had previously cited the case as justification for Trump's actions towards immigrants.
The Chinese government has a long history of trying to spoon-feed information to the public, but only tell their truth. Wikipedia's own page on the China Wikipedia says there are 939,000 articles overseen by the Wikimedia Foundation.
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Abbas' visit is " a demonstration of that partnership, that very special partnership that we all need to make it all work ".
He called the Ovechkin slash "a pretty common play" but stopped sort of classifying Niskanen's in a similar fashion. Pittsburgh forward Conor Sheary , who suffered a concussion in Game 3, also returned to practice.
Nepal, Bangladesh, Bhutan, Sri Lanka and Maldives have chipped in for the project as of now with Afghanistan slated to join later. All participating nations will have access to at least one transponder using which they can telecast their own programming.
Because of winning Game 1 in San Antonio , the Rockets now go back home and have a chance at taking control of this series. But, it's hard to see him limping and hurting now and you kind of know we're not going to see him any time soon.
Louis and the Black River, which cuts through southeast Missouri and northeast Arkansas - are dreading what they'll find. Crews have started to clean up and assess damages in hard-hit southern Missouri which is still under a flood warning.
There were reports that she was either homeless at the time of her death or that she had been living in an in trailer park. Moran also jumped on the reality TV bandwagon, doing a season of VH1's weight-loss show Celebrity Fit Club in 2008.
As a result, shares of Calgary-based Enerplus Corporation and Baytex Energy Corp surged 10.47 percent and 9.84 percent, apiece. Copper prices advanced 0.8 percent to $5,584.85 a tonne and gold futures rose 0.1 percent to $1,228 an ounce.
B.C. election: Key developments from Day 25
NDP candidate David Eby called for the auditor general to investigate the program, calling it a "shady corporate giveaway scheme". The Court of Appeal ruled last month that B.C. must reconsider the bank's request for a time extension to claim the refund.
SpaceX just successfully landed the Falcon 9 rocket
Previously the lock on this business is held with Boeing and Lockheed Martin's United Launch Alliance . Because Monday's mission was a national security launch, the finer details are being kept under wraps.
What we know and don't know about the house health care bill
He had worked as a young staffer in the Reagan administration and once chaired a House committee that oversees health care. Alaska now has such a program that helps cover the bills for one of 33 conditions (such as HIV/AIDS or metastatic cancer).
New three-day waiting period for abortions on temporary hold
Suzanna de Baca, CEO of Planned Parenthood of the Heartland, says in a statement that the law had caused confusion for patients. Planned Parenthood notes the court's action Friday allowed 44 women with scheduled abortions to proceed with their appointments.
New Peugeot 308 revealed
This powerful and highly efficient powertrain procures a really sensational driving experience. The new PEUGEOT 308 and PEUGEOT 308 SW are made at the Sochaux plant in France.
Spokesman: Iraqi forces launch new push in Mosul's west
Iraqi forces now seem to be moving closer to the Old City in apparent anticipation of an operation to clear it. He said ISIS fighters are firing not only at Iraqi troops, but also at civilians trying to escape the city.
English is losing importance in Europe — EU's Juncker
It marks a break in tradition, as USA presidents have always tended to choose either Canada or Mexico as their first port of call. But that is also true of leading figures in the Tory party, who want to use Brexit to turn Britain into a low wage tax haven.