NEW YORK (CNNMoney)
The Dow Industrial Average and S&P 500 were flat, while the Nasdaq was down 0.2%.
Tech stocks weighed on markets, with shares of PC companies extending the prior day's sell-off following news that PC sales fell 14% worldwide last quarter.
Shares of Microsoft (MSFT, Fortune 500), Intel (INTC, Fortune 500) and Hewlett-Packard (HPQ, Fortune 500) fell between 3% and 6%.
On the economic front, investors largely shrugged off a better-than-expected weekly report on initial jobless claims.
Retailers were also reporting a mixed bag of February same-store sales -- a key metric used to gauge consumer spending.
Sales at Costco (COST, Fortune 500) rose 4%, missing forecasts, while Gap (GPS, Fortune 500) reported same-store sales that rose a better-than-expected 3% in the latest month.
Shares of Yum Brands (YUM, Fortune 500) were slightly higher after falling in premarket trading. The restaurant operator revealed that its same-store sales in China dropped in March amid an ongoing food safety scandal.
Despite the company's recall of 1.7 million vehicles because of airbag defects, Toyota (TM) shares rose. Honda (HMC) shares also gained, even after the automaker said it was recalling 1.1 million vehicles with airbag problems. Shares of airbag supplier Takata Corp closed down 9% in Tokyo.
Related: Fear & Greed Index heads back into greed
Meanwhile, corporate results continue to roll in.
Bed Bath & Beyond (BBBY, Fortune 500) reported earnings in line with estimates, but better-than-expected revenue helped push the retailer's shares higher..
Drugstore chain Rite Aid (RAD, Fortune 500) swung to a profit in the latest quarter, trouncing forecasts and sending shares up 11% in early trading.
Pier 1 Imports Inc (PIR) reported earnings in line with forecasts but issued lower guidance. The stock was down more than 3% in early trading.
The first of the big banks, JPMorgan (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500), will report their results ahead of the opening bell Friday.
U.S. stocks booked strong gains Wednesday, with the Dow and S&P 500 closing at new record highs.
Related: Wall Street sours on gold
European markets were higher in morning trading, supported by Wall Street's record-breaking run.
Asian markets also ended higher. The Shanghai Composite added 0.1%, the Hang Seng increased 0.3% and the Nikkei jumped 2%.
Oil prices were lower, as were gold prices.
The yield on the 10-year Treasury fell to 1.80% from 1.81% Tuesday.
First Published: April 11, 2013: 9:53 AM ET
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