Wall Street declined on Thursday as a fall in energy shares erased earlier gains following the European Central Bank's new stimulus measures.
The Dow Jones industrial average fell nine points, or 0.05%, to 17,070. The S&P 500 was down three points, or 0.15%, to end at 1,998. The Nasdaq Composite lost 10 points, or 0.22%, to 4,562.
The Dow and S&P 500 touched record intraday highs after the ECB cut interest rates in a surprise move and vowed to start buying assets, boosting the flow of funding for the euro-area economy while stopping short of broad-based quantitative easing.
However, shares erased early gains amid nervousness ahead of Friday's key US jobs data. Expectations are for payroll growth of 225,000 in August, according to a Reuters poll.
Economic data showed US initial jobless claims rose to 302,000 last week, within levels consistent with a strengthening labour market, though the private ADP survey's gauge of hiring came in a bit lower than expected.
Energy was the day’s worst performing sector. Drilling equipment maker FMC Technologies (FTI.N), the sector's biggest percentage decliner, fell 4.4%. Crude oil futures lost 1.1% to $94.55 as the dollar strengthened and weighed on commodities priced in the US currency.
Shares of PVH Corp (PVH.N) rose 9.6% after the apparel company's quarterly profit beat expectations, bolstered by sales of Tommy Hilfiger-branded clothes.
US-listed shares of BP Plc (BP.N) fell 5.9% after a US district judge ruled the company was "grossly negligent" in a massive oil spill in the Gulf of Mexico in 2010. Fastenal Co. rose 4% after reporting a sales increase.