US close: Markets end in the red as dollar strengthens

Wall Street's main market gauges continued to pull back on Thursday, with a stronger dollar in the wake of Wednesday's Fed policy decision taking its toll on commodity-related stocks alongside renewed falls in the largest big-cap tech names, the so-called FANG contingent.

The Dow Jones Industrial Average finished down 0.07% at 21,359.90, while the S&P 500 lost 0.22% to 2,432.46 and the technology-heavy Nasdaq 100 was off 0.46% at 5,700.89.

On Wednesday, the Federal Reserve lifted interest rate targets for the second time this year by 25 basis points to between 1 and 1.25%, as expected, with chair Janet Yellen reiterating that inflation was expected to return to target, and forecasting one more hike this year.

She added that policymakers would be watching low inflation numbers closely after some disappointing readings.

US economic data out on Thursday was a tad mixed, with industrial production figures for May printing slightly below analysts forecasts even as the widely-followed Philly Fed factory gauge for June beat expectations slightly.

"Manufacturing sentiment points to continued improvement in near-term activity due to better fundamentals, improving global growth, elevated equity prices and more efficient oil and gas firms," said Roiana Reid at Berenberg Capital Markets following the releases.

“Developments on the fiscal reform front will determine the trajectory of activity in the medium term.”

From a sector stand-point, the biggest losses were being seen in iron and steel, food retailers and industrial metals.

In company specific news, shares in supermarket operator Kroger plummeted 18.84% following its first quarter numbers.

Toy-maker Mattel was also under the cosh, falling 6.68% after taking an axe to its dividend.

Dow Jones - Risers

Caterpillar Inc. (CAT) $106.38 1.61%
Boeing Co. (BA) $195.45 1.60%
Procter & Gamble Co. (PG) $89.38 1.06%
General Electric Co. (GE) $28.94 0.87%
Travelers Company Inc. (TRV) $129.02 0.83%
United Technologies Corp. (UTX) $120.75 0.62%
3M Co. (MMM) $211.29 0.61%
Pfizer Inc. (PFE) $32.82 0.37%
McDonald's Corp. (MCD) $151.17 0.33%
International Business Machines Corp. (IBM) $154.22 0.27%

Dow Jones - Fallers

Nike Inc. (NKE) $52.90 -3.22%
Goldman Sachs Group Inc. (GS) $223.23 -1.45%
Wal-Mart Stores Inc. (WMT) $78.91 -1.24%
Visa Inc. (V) $94.17 -1.21%
Unitedhealth Group Inc. (UNH) $180.38 -1.09%
E.I. du Pont de Nemours and Co. (DD) $82.17 -0.78%
Intel Corp. (INTC) $35.31 -0.62%
Apple Inc. (AAPL) $144.29 -0.60%
JP Morgan Chase & Co. (JPM) $86.57 -0.60%
Microsoft Corp. (MSFT) $69.90 -0.53%

S&P 500 - Risers

Frontier Communications Co. (FTR) $1.31 3.15%
H&R Block Inc. (HRB) $30.01 3.02%
Harley-Davidson Inc. (HOG) $54.90 2.91%
Alliance Data Systems Corp. (ADS) $250.26 2.77%
TEGNA Inc (TGNA) $15.05 2.73%
CH Robinson Worldwide Inc (CHRW) $69.45 2.37%
PACCAR Inc. (PCAR) $65.12 1.93%
Extra Space Storage (EXR) $76.81 1.84%
Southwestern Energy Co. (SWN) $6.19 1.64%
Expeditors International Of Washington Inc. (EXPD) $57.25 1.63%

S&P 500 - Fallers

Kroger Co. (KR) $24.56 -18.89%
Nucor Corp. (NUE) $54.60 -7.63%
Whole Foods Market Inc. (WFM) $33.06 -6.74%
Mattel Inc. (MAT) $20.67 -6.68%
Freeport-McMoRan Inc (FCX) $11.50 -4.88%
Dollar General Corp (DG) $72.32 -4.41%
Under Armour Inc. Class A (UAA) $21.71 -4.36%
Pioneer Natural Resources Co. (PXD) $158.02 -4.15%
Target Corp. (TGT) $55.46 -4.15%
Hess Corp. (HES) $43.48 -3.97%

Nasdaq 100 - Risers

PACCAR Inc. (PCAR) $65.12 1.93%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $52.91 1.42%
Monster Beverage Corp (MNST) $51.30 1.08%
Paychex Inc. (PAYX) $60.73 1.07%
Fastenal Co. (FAST) $43.65 1.07%
Twenty-First Century Fox Inc Class B (FOX) $27.41 1.03%
Automatic Data Processing Inc. (ADP) $102.17 0.91%
Comcast Corp. (CMCSA) $41.44 0.85%
Marriott International - Class A (MAR) $104.74 0.80%
Activision Blizzard Inc. (ATVI) $58.91 0.79%

Nasdaq 100 - Fallers

Mattel Inc. (MAT) $20.67 -6.68%
Dollar Tree Inc (DLTR) $72.73 -3.37%
Lam Research Corp. (LRCX) $148.48 -2.80%
Mylan Inc. (MYL) $36.98 -2.38%
Symantec Corp. (SYMC) $28.41 -2.34%
Ctrip.Com International Ltd. Ads (CTRP) $52.64 -2.08%
Applied Materials Inc. (AMAT) $43.16 -1.86%
Micron Technology Inc. (MU) $30.56 -1.61%
Biomarin Pharmaceutical Inc. (BMRN) $90.47 -1.58%
Regeneron Pharmaceuticals Inc. (REGN) $469.50 -1.54%