04:51 PM EDT, 07/18/2024 (MT Newswires) -- US benchmark equity indexes closed lower Thursday as investors analyzed the latest set of corporate earnings.

The Dow Jones Industrial Average fell 1.3% to 40,665, retreating from its record closing level on Wednesday, while the S&P 500 fell 0.8% to 5,544.6. The Nasdaq Composite lost 0.7% to 17,871.2. Barring energy, all sectors closed lower, led by health care.

In company news, Domino's Pizza's (DPZ) second-quarter results rose year over year while the pizza restaurant chain temporarily suspended its long-term outlook for global net store growth. The company's shares slumped nearly 14%, the steepest decline on the S&P 500.

D.R. Horton ( DHI ) was the best performer on the S&P 500, up 10%, after the homebuilder's fiscal third-quarter results unexpectedly advanced year over year while the company narrowed its revenue forecast for the full year.

Cintas ( CTAS ) shares increased 5.4%, the top gainer on the Nasdaq and among the best on the S&P 500, as the uniform supplier predicted ongoing revenue and earnings momentum in the current fiscal year after reporting annual gains in fourth-quarter results.

The US 10-year yield rose 5.8 basis points to 4.20%, while the two-year rate advanced 4.2 basis points to 4.47%.

In economic news, manufacturing activity in the US Mid-Atlantic region jumped more than expected this month as orders and shipments rebounded, while expectations reached the highest level since July 2021, the Federal Reserve Bank of Philadelphia said.

Weekly applications for unemployment insurance in the US increased more than market expectations, while continuing claims reached their highest level since late November 2021, government data showed.

West Texas Intermediate crude oil fell 0.5% at $82.40 a barrel Thursday.

On Wednesday, Fed Governor Christopher Waller said policymakers are "getting closer" to lowering interest rates amid growing signs that inflation is easing, though the job is not done yet.

Gold dropped 0.5% to $2,446.60 per troy ounce, while silver slipped 1.1% to $30.04 per ounce.