US stocks closed lower on Thursday, weighed down by industrial losses and sectors hit by interest rate movements that covered limited gains in technology stocks.

The Dow Jones industrial average <.DJI> was down 97.84 points, or 0.37 percent, at 26,017.81. The broader Standard & Poor’s 500 Index <.SPX> was down 4.53 points, or 0.16 percent, to end unofficially at 2,798.03.

The Nasdaq Composite Index <.IXIC> was down 2.23 points, or 0.03 percent, at 7,296.05.