


U.S. stock indexes edged lower Thursday following another reminder that big, unsettling policy changes are underway because of President Donald Trump, along with more signals suggesting the U.S. economy remains solid for now.
The S&P 500 slipped 0.2% after flipping between modest gains and losses through the day. The Dow Jones industrial average dipped by 11 points, or less than 0.1 %, and the Nasdaq composite fell 0.3%.
Stocks got a boost Wednesday after the head of the Federal Reserve said the economy remains solid enough at the moment to leave interest rates where they are.
More data arrived Thursday to bolster that view. One report said slightly fewer U.S. workers filed for unemployment benefits last week than economists expected. A separate report said sales of previously occupied homes were stronger last month than economists expected, while a third said manufacturing growth in the mid-Atlantic region appears to be better than economists expected.
Accenture fell to one of the market’s larger losses Thursday, down 7.3%, even though the consulting and professional services company reported slightly better profit and revenue for the latest quarter than analysts expected.
Worries are rising about the hit Accenture may take to its revenue from the U.S. government as Elon Musk leads efforts to cut federal spending.
Darden Restaurants climbed 5.8% after reporting profit for the latest quarter that matched analysts’ expectations. That was despite what the company behind Olive Garden, Ruth’s Chris Steak House and other restaurant chains called “a challenging environment.”
All told, the S&P 500 slipped 12.40 points to 5,662.89. The Dow dipped 11.31 to 41,953.32, and the Nasdaq composite fell 59.16 to 17,691.63.
In the bond market, the yield on the 10-year Treasury fell to 4.23% from 4.25% late Wednesday.
— Associated Press