U.S. stocks turned lower in morning trading despite strong earnings from Macy’s and Kohl’s and unemployment data that showed the labor market is continuing to recover.
The S&P 500 ticked down 0.1% after the broad-market index closed down 0.3% Wednesday. The Nasdaq Composite Index declined 0.2%, as technology stocks erased early gains. The Dow Jones Industrial Average slipped 0.5%.
