The market eased Thursday afternoon, extending Wednesday's semiconductor sell-off into a second day.
The $Dow Jones Industrial Average (.DJI.US)$ led the way lower, falling 280.74 points (0.7%) to 40,917.34 shortly before 1:30 p.m. ET, while the $Nasdaq Composite Index (.IXIC.US)$ shed 76.36 ticks (0.4% ) to 17,920.56. Meanwhile, the $S&P 500 Index (.SPX.US)$ eased 22.63 points (0.4%) to 5,565.64.
-- Among movers, $D.R. Horton (DHI.US)$ gained some 11.2% shortly before 1:30 p.m. ET 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 13.5% 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."