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Dow Jones Industrial Average

Last Updated at 16 Feb 2018, 21:00 GMT *Chart shows local time Dow Jones intraday chart
value change %
25219.38 +
+19.01
+
+0.08

Top winner and loser

Pfizer Inc.

36.26 +
+0.55
+
+1.54

Caterpillar Inc.

156.29 -
-3.69
-
-2.31
value change %

Nasdaq Index

7239.47 -
-16.96
-
-0.23

S&P 500 Cash Index - Chicago Mercantile Exchange

2732.22 +
+1.02
+
+0.04

(Close): US stocks pared back earlier losses but still closed lower on Thursday, taking their cue from a slide in European markets.

Investor confidence had been hit in Europe by worries over Portuguese bank Banco Espirito Santo and by the release of weak economic data.

The Dow Jones dropped 70.54 points, or 0.42%, to close at 16,915.07.

The S&P 500 fell 8.15 points to 1,964.68 while the Nasdaq shed 22.83 points to end at 4,396.20.

Star investor Carl Icahn warned about recent high hits by US markets.

"In my mind, it is time to be cautious about the US stock markets," Mr Icahn told Reuters.

"While we are having a great year, I am being very selective about the companies I purchase.''

In Portugal, shares in Banco Espirito Santo plunged more than 15% on Thursday on concerns over the health of the Espirito Santo group of companies.

Weak industrial output figures from France and Italy added to the gloom.

There was better economic news from the US, with the Labor Department reporting that weekly applications for unemployment benefits fell by 11,000 to a seasonally adjusted 304,000.

Among individual stocks on Wall Street, shares in US airline United rose 12.73% after the company said its revenue per passenger in the second quarter beat expectations.

Hardwood floor firm Lumber Liquidators saw its share price tumble 21.54% after it reported disappointing sales figures and warned about its performance for the rest of the year.