U.S. stocks fell for a fourth straight session on Thursday but indexes ended well off session lows with support from economic data and earnings, including Accenture's.
Semiconductor stocks were again under pressure, this time after SanDisk
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The S&P 500 is still less than 3 percent below its record high hit three weeks ago. The index rallied last week as concern ebbed about an overheating dollar.
Consulting company Accenture's
"Earnings, particularly from U.S.-based companies, continue to be very strong," said Doug Foreman, chief investment officer at Kayne Anderson Rudnick in Los Angeles.
The Dow Jones industrial average <.DJI> fell 40.31 points, or 0.23 percent, to 17,678.23, the S&P 500 <.SPX> lost 4.9 points, or 0.24 percent, to 2,056.15 and the Nasdaq Composite <.IXIC> dropped 13.16 points, or 0.27 percent, to 4,863.36.
Energy stocks on the S&P 500 <.SPNY> ended down 0.2 percent despite a rally in crude prices following Saudi Arabia's air strikes in Yemen.
The number of Americans filing new claims for jobless benefits fell more than expected last week while activity in the services sector hit a six-month high in March, underscoring the economy's solid fundamentals despite a recent softening in growth.
Declining issues outnumbered advancing ones on the NYSE by 1,834 to 1,187, for a 1.55-to-1 ratio; on the Nasdaq, 1,492 issues fell and 1,198 advanced, for a 1.25-to-1 ratio.
The benchmark S&P 500 posted 3 new 52-week highs and 5 new lows; the Nasdaq Composite recorded 18 new highs and 45 new lows.
About 7 billion shares changed hands on U.S. exchanges, above the 6.8 billion daily average so far this month, according to BATS Global Markets.
(Reporting by Rodrigo Campos; Editing by Nick Zieminski)