NEW YORK, Nov. 29 (Xinhua) -- U.S. stocks ended lower on Thursday, snapping a three-day winning streak, as investors digested the newly released summary from the Federal Reserve's most-recent meeting as well as a batch of economic data.
The Dow Jones Industrial Average fell 27.59 points, or 0.11 percent, to 25,338.84. The S&P 500 was down 5.99 points, or 0.22 percent, to 2,737.80. The Nasdaq Composite Index decreased 18.51 points, or 0.25 percent, to 7,273.08.
Boeing stock rose 2.72 percent, leading the gainers on the Dow. Intel shares declined 2.37 percent, leading the losers in the 30-stock index.
Five of the 11 S&P 500 sectors closed lower, with technology down 0.95 percent, the worst performer among the sectors.
A Fed minutes released on Thursday suggested that a December rate hike is likely but the U.S. central bank officials were much more uncertain about the path of monetary policy in 2019.
The minutes came after Fed Chairman Jerome Powell said interest rates are close to neutral, which ignited a market rally on Wednesday, since investors interpreted the remarks as dovish.
On the economic front, U.S. initial jobless claims, a rough way to measure layoffs, stood at 234,000 in the week ending Nov. 24, an increase of 10,000 from the previous week's unrevised level, the Department of Labor reported Thursday. The reading easily topped market forecasts.
Meanwhile, U.S. consumer spending rose 0.6 percent in October after a downwardly revised 0.2 percent advance, beating market consensus, said the Commerce Department.
