The drop came on the heels of a decline in sales for U.S.
Thomson Reuters data shows first-quarter growth is currently expected to be 14.2 percent, the best quarter since 2011, with 357 of S&P 500 companies having reported.
The Dow Jones Industrial Average .DJI fell 22.27 points, or 0.11 percent, to 20,927.62, the S&P 500 .SPX lost 7.38 points, or 0.31 percent, to 2,383.79 and the Nasdaq Composite .IXIC dropped 35.50 points, or 0.58 percent, to 6,059.87.
Expectations for a June rate hike increased to a 75.2-percent chance of a hike of at least a quarter-point next month, according to CME's FedWatch tool.
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