Stocks edged lower as traders waded through mixed data on the world's largest economy ahead of a key inflation reading.
Equities halted a seven-day rally that drove the S&P 500 to all-time highs. Treasuries advanced across the curve, while the dollar fell.
The US economy expanded at a solid pace in the third quarter, largely powered by a broad-based advance in consumer spending and steady business investment. Gross domestic product increased at a 2.8% annualized pace. Separate figures showed initial jobless claims were little changed at a historically low level.
"Overall, it was a mix of economic data that the market appears to be shrugging off as the core-PCE print later this morning looms," said Ian Lyngen at BMO Capital Markets.
The S&P 500 dropped 0.1%. The Nasdaq 100 slid 0.4%. The Dow Jones Industrial Average wavered.
Treasury 10-year yields declined six basis points to 4.24%. The Bloomberg Dollar Spot Index fell 0.6%.
Source : Bloomberg
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