The market eased Thursday afternoon, extending Wednesday's sell-off into a second day. The S&P 500 and Nasdaq fell into the negative for the week, while the Dow remained in the green.
The $Dow Jones Industrial Average (.DJI.US)$ led the way lower, falling 1.29% by the 4 pm ET closing numbers. The $Nasdaq Composite Index (.IXIC.US)$ fell 0.70%, while the $S&P 500 Index (.SPX.US)$ eased 0.78%.
-- Among movers, $D.R. Horton (DHI.US)$ gained some 9% after the homebuilder beat Q3 expectations. The stock hit a $177.47 all-time intraday high earlier in the session.
-- $Domino's Pizza (DPZ.US)$ fell 13.6% after the pizza chain unveiled a fiscal Q2 revenue miss.
In macroeconomic news, U.S> initial jobless claim numbers came in higher for the week at 240,000 vs. the 220,000 expected.
Separately, Federal Reserve Gov. Christopher Waller said Wednesday that the central bank is "getting closer to the time when a cut," in interest rates is warranted. However, he still wants more evidence that inflation is slowing before he's ready to move.
"I believe current data are consistent with achieving a soft landing, and I will be looking for data over the next couple months to buttress this view," Wall said in a speech in Kansas City. " So, while I don't believe we have reached our final destination, I do believe we are getting closer to the time when a cut in the policy rate is warranted."