U.S. stocks closed lower Thursday, with the Nasdaq down 1.37%

The Dow Jones Industrial Average fell 132.54 points, or 0.25%, to 52,342.56 on Thursday, Reuters reported. In that close, the S&P 500 lost 23.59 points, or 0.30%, to 7,720.39, and the Nasdaq Composite lost 365.13 points, or 1.37%, to 26,184.72. CNBC’s Friday market file described the same regular session in rounded terms: a 1.4% loss for the Nasdaq Composite and a 0.3% loss for the S&P 500. A lower close is a market result, not a view on what should be owned.

Reuters said all three major indexes lost ground, with the Nasdaq down the most after Alphabet’s quarterly results, released late Wednesday. It said Alphabet shares slid 12.6%. CNBC said Alphabet shares lost 12% and that the company posted negative free cash flow of $9.07 billion. Reuters also said semiconductor stocks dropped 1.4% and snapped a four-day winning streak, while the Russell 2000 rose 1.0%. Ross Mayfield, an investment strategy analyst at Baird, told Reuters that a session like this, with small caps outperforming, suggested the market was not treating strain in the artificial-intelligence trade as strain in every corner of the market. That is his comment.

Reuters said the session followed Wednesday’s Federal Reserve decision to hold rates. It said Thursday’s data included a first take on third-quarter gross domestic product that showed faster growth than expected, and that price growth picked up. This article does not restate the growth rate. The Bureau of Economic Analysis figures are in a separate report. Reuters also said 253 S&P 500 companies had reported third-quarter results, 81% of those had beaten expectations, and analysts now expected aggregate earnings growth of 31.0% from a year earlier, citing LSEG. Those rates are LSEG’s tally as Reuters reported it.

On individual shares, Reuters said Caterpillar fell 9.3% after topping a profit estimate and leaving growth targets unchanged, Eli Lilly rose 6.6% after lifting a revenue outlook, Ford gained 12.4% after a revenue beat, and Merck advanced 3.8% after beating expectations. It said Fortinet and ServiceNow each dropped more than 20% after their results. It said Amazon fell 6.5% in extended trading after fourth-quarter sales guidance. CNBC said Amazon lost about 6% in extended trading and that Intel slid about 21% after a weaker current-quarter outlook. Those percentages are the outlets’ accounts of trading. They are not a judgment on the shares.

Advancing issues outnumbered decliners by 1.95 to 1 on the New York Stock Exchange, with 146 new highs and 201 new lows, Reuters said. On the Nasdaq, 2,464 shares rose and 2,308 fell, a 1.07-to-1 ratio. The S&P 500 posted 19 new 52-week highs and 6 new lows, and the Nasdaq Composite recorded 88 new highs and 191 new lows. Volume on U.S. exchanges was 17.05 billion shares, against a 17.09 billion average over the prior 20 full sessions, Reuters said.