US close: Stocks weaker on hawkish Fed commentary

Stocks on Wall Street were still in the red by the closing bell on Thursday, with still hawkish remarks from top Fed officials a chief reason for the moves.

The Dow Jones Industrial Average ended the session down 1.54% at 29,225.61, as the S&P 500 lost 2.11% to 3,640.47 and the Nasdaq Composite was off 2.84% at 10,737.51.

Speaking at a virtual forum, St. Louis Fed boss James Bullard said markets appeared to be correct in anticipating "a fair amount of additional [rate] moves this year".

His peer at the Cleveland Fed, Loretta Mester, meanwhile told CNBC that "we're still not even in restricted territory on the funds rate".

Elsewhere on the economic side of things, the Department of Labor said that initial unemployment claims for the week ending on 24 September declined by 16,000 to reach 193,000, printing far below the 220,000 forecast by the consensus.

At the same time, the Department of Commerce reported that the US economy shrank by 0.6% quarter-on-quarter over the three months to June -the same as the previous estimate.

Nonetheless, the core price deflator for personal consumption expenditures was revised up by three tenths of a percentage point to 4.7%.

In equities, auto-related stocks were in focus, with used car retailer CarMax plunging 24.6% after it missed sales and earnings expectations in the quarter through August.

Carmakers were also in the red, with Ford down 5.83%, General Motors falling 5.65%, and Tesla off 6.81%.

Reporting by Josh White at Sharecast.com. Additional reporting by Alexander Bueso.

Dow Jones - Risers

Travelers Company Inc. (TRV) $154.79 1.15%
Visa Inc. (V) $180.06 0.49%
Honeywell International Inc. (HON) $0.00 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
Merck & Co. Inc. (MRK) $86.65 -0.16%
Walmart Inc. (WMT) $132.33 -0.65%
Chevron Corp. (CVX) $144.77 -0.69%
Coca-Cola Co. (KO) $56.57 -0.72%
International Business Machines Corporation (CDI) (IBM) $121.63 -0.92%
Unitedhealth Group Inc. (UNH) $509.18 -0.99%

Dow Jones - Fallers

Boeing Co. (BA) $125.33 -6.08%
Walgreens Boots Alliance, Inc. (WBA) $31.55 -4.97%
Apple Inc. (AAPL) $142.48 -4.91%
Nike Inc. (NKE) $95.33 -3.41%
Intel Corp. (INTC) $26.38 -2.76%
Procter & Gamble Co. (PG) $128.63 -2.49%
Salesforce.Com Inc. (CRM) $146.81 -2.24%
Dow Chemical Co. (DOW) $44.16 -1.98%
American Express Co. (AXP) $137.79 -1.97%
Walt Disney Co. (DIS) $97.45 -1.96%

S&P 500 - Risers

National Oilwell Varco Inc. (NOV) $15.74 3.48%
Everest Re Group Ltd. (RE) $267.67 3.11%
Dxc Technology Company (DXC) $24.67 2.45%
Chubb Corp. (CB) $183.78 1.92%
FedEx Corp. (FDX) $152.31 1.55%
Devon Energy Corp. (DVN) $60.97 1.53%
Schlumberger Ltd. (SLB) $35.97 1.50%
Diamondback Energy Inc. (FANG) $120.91 1.26%
Darden Restaurants Inc. (DRI) $129.32 1.25%
Travelers Company Inc. (TRV) $154.79 1.15%

S&P 500 - Fallers

Carmax Inc. (KMX) $65.16 -24.60%
Royal Caribbean Cr (RCL) $43.66 -7.91%
Under Armour, Inc. (UA) $6.49 -7.14%
Under Armour Inc. Class A (UAA) $7.38 -7.06%
Carnival Corp. (CCL) $9.16 -6.82%
Foot Locker Inc. (FL) $32.70 -6.36%
Edison International (EIX) $57.46 -6.28%
Sl Green Realty Corp. (SLG) $39.15 -6.21%
Advanced Micro Devices Inc. (AMD) $64.14 -6.17%
Coty Inc. Class A (COTY) $6.43 -6.13%

Nasdaq 100 - Risers

Vertex Pharmaceuticals Inc. (VRTX) $292.80 0.13%
Citrix Systems Inc. (CTXS) $103.90 0.04%
Xilinx Inc. (XLNX) $0.00 0.00%
Cerner Corp. (CERN) $0.00 0.00%
Mylan Inc. (MYL) $0.00 0.00%
Celgene Corp. (CELG) $0.00 0.00%
Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00%
Maxim Integrated Products Inc. (MXIM) $0.00 0.00%
Shire Plc Ads (SHPG) $0.00 0.00%
Verisk Analytics Inc. (VRSK) $173.55 -0.10%

Nasdaq 100 - Fallers

Qurate Retail Inc. (QRTEA) $2.12 -9.01%
Tesla Inc (TSLA) $268.21 -6.81%
Walgreens Boots Alliance, Inc. (WBA) $31.55 -4.97%
Take-Two Interactive Software Inc. (TTWO) $108.58 -4.91%
Apple Inc. (AAPL) $142.48 -4.91%
Dish Network Corp. (DISH) $14.14 -4.59%
Seagate Technology Plc (STX) $54.38 -4.56%
Biogen Inc (BIIB) $264.28 -4.46%
Mercadolibre Inc. (MELI) $829.68 -4.11%
Nvidia Corp. (NVDA) $122.20 -4.05%