Eight of the 10 major S&P 500 indexes were lower. The industrials index .SPLRCT fell 0.44 percent as Southwest Airlines (LUV.N) led a drop in airline stocks.
Southwest fell 6 percent to $38.33 after it forecast a decline in passenger revenue per available seat mile for the quarter.
Yahoo Inc (YHOO.O) gained 3.7 percent to $42.60 after the company said a potential change in tax rules on spinoffs was not specific to its plan to spin off its stake in Alibaba (BABA.N). The stock fell 7.6 percent on Tuesday.
Target (TGT.N) rose 0.8 percent to $78.53 after it reported a larger-than-expected increase in profit and raised the lower end of its full-year earnings forecast range.
Lowe's (LOW.N) fell 5 percent to $68.22 after reporting lower-than-expected quarterly profit and sales.
Etsy (ETSY.O) slumped 21.5 percent to $16.50 after posting a bigger loss in its first report as a public company.
Pep Boys Manny Moe and Jack (PBY.N) rose 12 percent to $10.35 on a report that the auto parts retailer had received takeover approaches.
Declining issues outnumbered advancing ones on the NYSE by 1,412 to 1,229, for a 1.15-to-1 ratio on the downside; on the Nasdaq, 1,362 issues fell and 846 advanced for a 1.61-to-1 ratio favoring decliners.
The S&P 500 index posted 9 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 32 new highs and 21 new lows.
Yahoo Inc (YHOO.O) gained 3.7 percent to $42.60 after the company said a potential change in tax rules on spinoffs was not specific to its plan to spin off its stake in Alibaba (BABA.N). The stock fell 7.6 percent on Tuesday.
Target (TGT.N) rose 0.8 percent to $78.53 after it reported a larger-than-expected increase in profit and raised the lower end of its full-year earnings forecast range.
Lowe's (LOW.N) fell 5 percent to $68.22 after reporting lower-than-expected quarterly profit and sales.
Etsy (ETSY.O) slumped 21.5 percent to $16.50 after posting a bigger loss in its first report as a public company.
Pep Boys Manny Moe and Jack (PBY.N) rose 12 percent to $10.35 on a report that the auto parts retailer had received takeover approaches.
Declining issues outnumbered advancing ones on the NYSE by 1,412 to 1,229, for a 1.15-to-1 ratio on the downside; on the Nasdaq, 1,362 issues fell and 846 advanced for a 1.61-to-1 ratio favoring decliners.
The S&P 500 index posted 9 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 32 new highs and 21 new lows.
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