US retail sales recorded their biggest drop in 16 months, while consumer prices fell unexpectedly in May, raising questions about the Fed's ability to further tighten monetary policy.
Analysts said lacklustre data on USA homebuilder sentiment and industrial production dented confidence in light of the Federal Reserve's decision on Wednesday to raise the benchmark lending rate for the third time in six months, and signal an additional hike later this year.
The Nasdaq composite advanced 44.90 points, or 0.7 percent, to 6,220.37.
Roman Polanski's victim asks judge to drop case
It called for no more time behind bars for the director after he spent 42 days in a prison undergoing a diagnostic screening. He was unable to up his 2002 best director Oscar for The Pianist because he feared arrest if he returned to the US.
USA market indexes were lower on Thursday. "It seems they should be doing the opposite", said Robert Pavlik, chief market strategist at Boston Private Wealth.
The Dow Jones Industrial Average fell 79 points, or 0.4%, to 21295.
Thursday's figures led Blerina Uruci at Barclays Research to tell clients: "Today's soft inflation report reduces our conviction that the Fed will be able to raise rates for a third time in December".
Investors will also be looking for any details on the Fed's plans to trim its $4.5 trillion balance sheet in the face of improving economic conditions. The index had hit a record intraday high of 21,354.56 shortly after the open. The tech-heavy Nasdaq fell 0.41%, to 6,194.89. The Dow Jones Small-Cap Growth TSM Index closed at 8,470.00 for a loss of 53.04 points or 0.62%.
APNewsBreak: About 4000 more US troops to go to Afghanistan
John Nicholson, who commands USA and global forces in Afghanistan, said he needed several thousand more troops. Nevertheless, there are at least another 2,000 USA troops in Afghanistan not included in the official count.
The S&P 500 financials sector dropped 0.9 percent after the release of weaker-than-expected U.S. CPI and retail sales data. The stocks provided the biggest boost to the S&P and the Dow.
Traders work on the floor of the New York Stock Exchange June 2, 2017.
H&R Block rose 7.9 per cent after the tax preparation service's quarterly revenue and profit beat analysts' expectations.
'I am safe.' Rep. Duncan on gunman shooting at Congressional Republicans
DeSantis said he didn't realize the connection until later, when heard the news of the shooting , and alerted the police. While appearing on "Fox and Friends" Desantis described the unusual encounter that occurred minutes before the incident.