The Nasdaq Composite Index declined 17 points, or 0.2%, to 7,254.
About 8.1 billion shares changed hands on US exchanges.
Best Buy jumped around 5 percent after it reported strong same-store sales for the fourth quarter, recovering from falls overnight due to the US consumer electronics retailer's announcement of 250 small mobile phone store closures.
Technology companies and drugmakers also fell, as they make much of their revenue outside the US and could be vulnerable if other countries respond with tariffs of their own.
Wednesday's declines closed a month marked by spikes in volatility and fears that rising inflation could prompt the Federal Reserve to pick up the pace of interest rate hikes.
Crowd Runs After Shot Fired Near White House
Washington DC police earlier said on Twitter that their "natural death squad" was on the scene. "The president has been briefed". It happened just a week after a vehicle ploughed into a security barrier near the President's home.
The rights offering will be priced at $3.00 per share; the shares fell US$1.52 to US$4.57 on the news.
As a candidate, Trump often campaigned on an "America First" trade policy, but hadn't taken many steps to implement that since he took office. They surged in the morning following reports that the White House planned to make the announcement shortly, only to lose most of the gains when subsequent reports said the announcement may not happen. Analysts and traders have cautioned that much of the turbulence this week may stem from market positioning as much as a substantial change of tack by Powell.
"We have also seen continued strength around the globe".
The department store operator's shares rose 2.5 percent in premarket trading.
"If tariffs go up, it will, at the margin, tend to put more upward pressure on prices, and those upward pressure on prices will have to be considered by the monetary authority", New York Fed President William Dudley said in a speech in Brazil on Thursday. The stock sank $4.67 to $57.73.
John Kelly defiant about handling of Porter abuse scandal
Kelly said he had started looking into who had clearances and any delays in granting permanent clearances last fall. Then On Feb 8, Principal Deputy Press Secretary Raj Shah told reporters this: "His last day was yesterday".
Dental supplies maker Patterson Companies plunged 22 percent after reporting weak earnings for the latest quarter.
ENERGY: Benchmark U.S. crude added 2 cents to $61.66 per barrel. Brent crude, the global standard, lost 94 cents, or 1.5 per cent, to $63.79 a barrel.
Gold was flat at $1,319.00. Brent crude, the worldwide standard, fell 1 cent to $64.72 per barrel.
CURRENCIES: The dollar dipped to 106.74 yen from 107.18 yen late Wednesday. The euro inched up to $1.2205 from $1.2203, and the British pound slipped to $1.3732 from $1.3771. The FTSE 100 in London dropped 0.8 per cent.
People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo, Thursday, March 1, 2018.
Debate over Lamar Jackson brings up same old tropes about Black quarterbacks
But it was as baffling to the 2016 Heisman Trophy victor as to anyone else when he finally got his chance to speak. At just under 6-3 and a little over 200 pounds, there are some that believe Jackson should make a position switch.