Wall Street dips as earnings gather pace, jobless claims fall

Eight of the 11 major S&P 500 sector indexes were trading lower, with technology falling 0.5% and set to snap a four-day winning streak.

U.S. stock indexes fell on Thursday following the latest batch of quarterly corporate earnings reports, while data showed the number of Americans filing new claims for unemployment benefits fell last week as expected.
 

The Labor Department said initial claims for state unemployment benefits fell 26,000 to a seasonally adjusted 360,000 for the week ended July 10.
 

Wall Street's main indexes have swung in line with rising inflation since mid-June, with investors fretting over a sooner-than-expected hawkish shift by the Federal Reserve amid signs of a steady economic rebound.
 

"There is some concern that the economy has sort of reached the