On Thursday, Wall St. had ended down the day in a dithered regime after multiple sideway movements with S&P 500 winding down the session slightly higher and the Dow paring earlier gains, as investors seemed to be gauging the impacts of a possible resurgence in pandemic cases in China and the United States, while U.S. jobless claims data revealed earlier on the day had botched to convince the investors that the USA economy had been en route to a "V" shaped recovery.
Markets have slowed following a tremendous, almost 40% rally for USA stocks that began in late March.
By 10:15 AM ET (1415 GMT), the Dow Jones Industrial Average was down 31 points or 0.1% at 26,086 points, while the S&P 500 was down 0.5% and the NASDAQ Composite was down 0.2%.
The S&P 500 closed off 0.56%, the Dow lost 0.8% and the Nasdaq managed to eke out a gain of 0.03%.
The tech-rich Nasdaq Composite Index finished narrowly positive, rising less than 0.1 per cent to 9,946.12. In the end, the blue-chip index closed down 208.64 points, or 0.8%, at 25871.46.
The benchmark S&P 500 wrapped up its best three-day percentage rise in a month on Tuesday after a report on a massive fiscal stimulus plan and a stunning retail sales report for May reflected a pickup in demand with the easing of lockdowns.
The iPhone maker fell 0.5% after saying it would shut stores again in Florida, Arizona, South Carolina and North Carolina, which have recently reported an uptick in new COVID-19 infections.
Despite Texas, California, Arizona and Florida all reporting their biggest one-day increases in Covid-19 case numbers, shares in companies tied to the reopening of the U.S. economy like United Airlines and Kohl's were both higher at the open. In California, residents are required to wear face masks in high-risk settings. Investors have cheered signs that the USA economy is reopening, allowing people to return to work and business activity to pick up.
Oil prices rose, sending USA crude back near $40 a barrel and fueling hopes for rebounding demand. NY crude futures climbed 2.3% to settle at $39.75. Treasury yields also slipped in a sign of increased caution.