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Dow Jones Industrial Average

Last Updated at 23 Feb 2018, 19:02 GMT *Chart shows local time Dow Jones intraday chart
value change %
25096.93 +
+134.45
+
+0.54

Top winner and loser

Intel Corp.

47.34 +
+1.54
+
+3.36

United Technologies Corp.

131.58 -
-2.00
-
-1.50
value change %

Nasdaq Index

7284.90 +
+74.81
+
+1.04

S&P 500 Cash Index - Chicago Mercantile Exchange

2725.64 +
+21.68
+
+0.80

(Close): US shares edged lower ending a recent run of record breaking closes.

The Dow Jones fell 21 points to 16,722, the broader S&P 500 lost a fraction of a point to close at 1,924 and the Nasdaq fell 3 points to close at 4,234.

Shares in surfwear firm, Quicksilver plunged 41% after it reported a loss of $46m in its second quarter, compared to a $33m loss the same quarter in 2013.

The company also warned of a further decline in sales in North America and Europe for the rest of the year.

Shares in Hillshire Brands rose more than 9% after the maker of hotdogs announced it was holding separate takeover talks with Tyson Foods and Pilgrim's Pride.

The Dow Jones and the S&P 500 have hit record highs in the past few sessions and dealers are waiting to see what happens later in the week.

On Thursday the European Central Bank will announce the outcome of its most recent policy deliberations.

Economists are expecting further stimulus measures from the ECB.

And on Friday a closely watched report on the US labour market will be released.

Analysts say there seems to be plenty of support for the stock market at the moment.

"We can't seem to get a decent pullback here as there isn't any momentum to the downside. Every time the market goes down, it is met with buying," said Peter Cardillo, chief market economist at Rockwell Global Capital.