The Nasdaq snapped a five-day win streak, falling 1% Wednesday.
The S&P 500 fell 0.6%. Small caps suffered more as the Russell 2000 slid 2%. Volume rose in the stock market today, according to preliminary readings.
Energy and metal stocks led the selling, as biotechs and some other medicals also came out near the bottom of the day's performance table.
After the close, apparel manufacturer PVH Corp. (PVH) rallied as the company reported earnings above expectations. PVH earned $1.52 a share, above views for $1.46 for the January-ended quarter. Sales rose 7% to $2.11 billion on a constant-currency basis.
The parent of Calvin Klein, Tommy Hilfiger and other brands forecast full-year profit of $6.30 to $6.50 before adjusting for currency factors. The stock has been recovering from a long correction.
Another apparel company, Nike (NKE), slid 4% in heavy trading. The company late Tuesday reported quarterly revenue that missed expectations, and it gave weak guidance for fiscal 2017.
On Thursday, there are two noteworthy economic reports. The latest jobless claims report and durable goods orders for February are being announced before the market opens. GameStop (GME), Finish Line (FINL) and Signet Jewelers (SIG) are reporting results.
