Indices ended in red territory on Thursday. McDonald’s and Alcoa led decliners on the Dow. Stocks traded lower amid a variety of economic news. Microsoft reported quarterly data. The software titan earned 60 cents per share on $17.41 billion in revenue. On another note, existing-home sales failed to impress. Sales dipped 2.6% in March to 4.48 million annualized units. Elsewhere, the Labor Department said initial jobless claims fell by 2,000 to 386,000 last week, from an upwardly revised 388,000 the previous week. On the horizon, General Electric and McDonald’s are set to release quarterly results tomorrow.
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