After a warning of a possible pause in a US-China trade negotiation, the Dow Jones Industrial Average is marginally down on the stock market early Thursday.
The DJIA had been stable to neutral before the release, falling slightly under 0.1 percent. The S&P 500 dropped 0.1 percent, while the Nasdaq fell 0.4 percent.
Small caps followed by the Russell 2000 shed almost 0.6 percent. Volume tracked down on the NYSE but higher on Tuesday's Nasdaq against the same time.
Reuters said the highly anticipated interim trade agreement between Beijing and Washington could be delayed until December in the midst of continued discussions just before noon, Wednesday.
Walgreens Boots Alliance (WBA) was weighing a near 4 percent drop on the Dow Jones index. Shares jumped during the drugstore chain's news session late Tuesday with talks to continue further.
Exxon Mobil (XOM) and Chevron (CVX) dropped 1.4 percent and 0.8 percent, respectively, among other blue chip losers. Both stocks were on track to stop an advance of four sessions.
With a 1 percent profit, Merck (MRK) led the downside. The stock keeps forming a flat base with a purchase point of 87.44. Procter & Gamble (PG) and McDonald's (MCD) also added nearly 1 percent each.
Generic drug producers, processors and oil stocks were among today's stock market's largest industry sector losers. But it was advanced by homebuilders, food and gold miners.
Chipmakers have fallen by 1.9 percent. In other sectors, Microchip Technology (MCHP) gapped and sunk approximately 4 percent. Late Tuesday, the chipmaker headquartered in Chandler, Arizona reported earnings that exceeded expectations but missed revenue. Its projections for the current quarter was even disappointing.
In the IBD 50, Boot Barn (BOOT) reversed a decline of 4 percent from a minor early profit. That sent shares marginally below a cup with handle buy point of 37.71. Volume was higher than usual by about 16 percent.
The IBD 50 downside was also led by several foreign names. InMode, an esthetic company based in Israel, lost nearly 6 percent in intense trading. But the latest IPO's stocks have risen 32 percent over the past three sessions.
Brazilian payment agency StoneCo (STNE) shed 4 million in double normal volume to split the 50-day row. The stock also fits on a cup base stick. The actual point of sales is 39.54.
Three stocks in China - Baozun (BZUN), Huya (HUYA) and Momo (MOMO)- each gave up more than 3 percent.
IBD 50 top earners featured Fortinet (FTNT), Upland Software (UPLD) and Veeva Systems (VEEV) software shares.
