The S&P 500 slid Thursday as traders fretted over a continued rise in interest rates.
The Dow Jones Industrials gained 90.91 points to begin Thursday at 32,752.75, as Salesforce shares popped on a strong quarter and forward guidance.
The S&P 500 fell settled 15.24 points to 3,936.15.
The NASDAQ Composite crumbled 80.18 points to 11,299.30.
In corporate earnings, Salesforce and Okta shares jumped in overnight trading on strong results and guidance. Silvergate Capital, meanwhile, shares plunged more than 40%, after the company delayed its 10-K annual report.
Tesla shares, popular with retail investors, lost 5% after the company failed to unveil details of any next-generation vehicles during its much-anticipated investor day Wednesday. The decline put pressure on the S&P and NASDAQ.
A surge in labour costs and a pullback in jobless claims reported early Thursday point to the likelihood that the Fed will raise its benchmark interest rate another 0.25 percentage point later this month.
Prices for the 10-year Treasury slipped, raising yields to 4.08% from Wednesday's 4%. Treasury prices and yields move in opposite directions.
Oil prices gained 52 cents to $78.21 U.S. a barrel.
Gold prices backpedaled $1.90 to $1,843.50 U.S. an ounce.