Stocks on Wall Street closed in the red on Thursday ( Friday morning GMT ) , the tech-heavy Nasdaq composite index led losses for the second day in a row as investors consider a number of mixed economic data .
The Dow Jones Industrial Average slipped 4.76 points slightly ( 0.03 percent ) to finish at 16264.23 .
The S & P 500 , a broad measure of the market , down 3.52 points ( 0.19 percent ) to close at 1849.04 , while the tech-heavy Nasdaq composite index performs poorly , fell 22.35 points ( 0.54 percent) to 4151.23 .
The market spent most of the day in negative territory , extending Wednesday's losses .
Trade fluctuated after data showed a decline in first-time claims for U.S. unemployment benefits last week , an upward revision to fourth- quarter U.S. economic growth to an annual rate of 2.6 percent , and a steeper decline than expected in the sale " pending home " ( house management is not yet completed ) to the lowest level since October 2011 .
IBM is the largest towline Dow , falling 1.5 percent , followed by Cisco down 1.3 percent .
Citigroup sank 5.4 percent after the Federal Reserve rejected plans share buyback and dividend increase Citi because of weaknesses in the robustness test results ( stress test ) .
Microsoft weighed on the Nasdaq , lost 1.2 percent . Software or the software giant released version of the popular Office suite for Apple's iPad tablet rival , a step toward making applications run on all platforms .
Apple shares fell 0.4 percent .
Facebook reversing early losses and ended nearly a sizable 1.0 percent higher . The social media company slumped 6.9 percent on Wednesday as investors questioned the deal two billion dollars to buy virtual reality company Oculus .
Candy Crush game maker , King Digital , fell for a second day after the British company 's IPO lost 2.7 percent to 18.49 U.S. dollars , compared with the price of 22.50 dollars perdanya .
Yahoo increased 0.4 percent . Yahoo Japan said it will buy almost all domestic telecommunications company eAccess ownership of its parent Softbank Corp. in a deal worth about 3.2 billion U.S. dollars .
Twitter jumped 4.3 percent . The company on Wednesday added tagging ( tagging ) Facebook -style photos and increase the number of images that can be for iPhone users in a single post .
Bond prices rose . The yield on U.S. 10-year bond fell to 2.67 percent from 2.70 percent on Wednesday , while the yield on 30 - year bonds fell to 3.51 percent from 3.55 percent . Prices and bond yields move inversely , AFP reported .
Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday (Friday morning GMT ) , extending the previous session's decline ended below 1,300 U.S. dollars per ounce for the first time in more than six weeks .
The most active gold contract for April delivery dropped 8.7 dollars, or 0.67 percent, to close at 1294.7 U.S. dollars per ounce , the lowest settlement for a most-active contract since February 11 , Xinhua reported .
U.S. GDP growth is moderate and expectations that U.S. interest rates will rise faster than expected is a key factor in the fall in gold prices on Thursday , according to some market analysts .
The release of U.S. data showed a strong growth , with weekly jobless claims for the week ending March 22 fell to a four-month low and economic growth in the last three months of 2013 rose to an annual rate of 2.6 percent from the previous 2.4 percent . Positive economic data tends to weaken the appeal of " safe haven " of gold .
The ICE dollar index , which measures the U.S. dollar against a basket of six major rival currencies , slightly higher on Thursday , also putting pressure on precious metals .
Meanwhile , silver for May delivery lost 7.2 cents, or 0.36 per cent to close at 19.708 dollars per ounce .
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