US stocks fell slightly on Thursday after the previous day Standard & Poor's 500 reached the peak in two months. Investors evaluate the corporate reporting, as well as prospects of increasing interest rates by the Federal Reserve at the end of this year, reported Bloomberg.
Index of Dow Jones Industrial Average on Thursday fell 23.72 points (0.13%) to 17755.8 points.
Standard & Poor's 500 fell 0.94 points (0.04%) to 2089.41 points.
The value of the day Nasdaq Composite declined by 21.42 points (0.42%) to 5074.27 points.
In October S&P 500 increased by 8.8%. This may be the most significant monthly increase in the past four years.
The statistics had a negative impact on market sentiment on Thursday.
The US economy grew by 1.5% in terms of annual growth, according to preliminary data of the Ministry of Commerce of the country. Analysts surveyed by Bloomberg, on average, had forecasted a 1.6% rise. In the second quarter of this year, US GDP increased by 3.9%, the biggest rise since July-September 2014.
Five of the ten industry groups of S&P 500 fell on trades, the leaders of decline being energy, financial and high-tech companies.
Shares of Pfizer Inc. fell 1.9%. The Irish pharmaceutical company Allergan Plc confirmed it is in preliminary talks with Pfizer about a possible merger.
The market value of Goodyear Tire & Rubber Co (O: GT) fell 4.6%, as revenue of the producer of tires in the third quarter was worse than market expectations.
The rate of New York Community Bancorp securities fell 12%, the biggest daily decline in six years. One of the largest US bank holding companies announced the acquisition of Astoria Financial Corp. in the transaction volume of about $ 2 billion. Share price of Astoria decreased by 7.7%.
At the same time, the capitalization of tobacco division of Altria Group Inc (N: MO) increased by 0.2% on good quarterly reporting.
On average, analysts expect earnings of companies of Standard & Poor's 500 in the last quarter decreased by 6.1%.
Among the companies that have already reported, 76% of earnings were better than expected, but revenue in 56% of cases was lower than expected.