US stocks fell while government bond yields rose after an unexpected jump in retail sales coincided with an increase in weekly jobless claims.
The Dow Jones Industrial Average declined by 0.5% to 34,636.37, with S&P 500 down by 0.6% and Nasdaq lower by 0.4%. Energy and materials were among the worst performers, with all sectors in the red after midday on Thursday.
The US 10-year Treasury yield jumped by 3 basis points to more than 1.33%.
West Texas Intermediate crude oil retreated by 0.7% to $72.15 a barrel.
Americans filed 332,000 initial jobless claims for the week ended Sept. 11, up 20,000 from the prior week, according to the US Department of Labor Thursday. Analysts polled by Econoday expected initial claims of 315,000.
US retail and food services sales rose by 0.7% in August, according to the advance estimate data published by the US Census Bureau on Thursday. This compared with a 0.7% monthly drop expected in a survey compiled by Bloomberg.