Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared.
The S&P 500 and Dow industrials pulled back from record highs and the Dow snapped a nine-session streak of gains. Southwest Airlines fell 11.2 percent and led other airline stocks lower after the company forecast a drop in a key profitability metric.
Union Pacific dropped 3.4 percent after the No. 1 US railroad posted a lower quarterly net profit, hurt by slumping freight volumes. The stocks dragged down the Dow Jones transport index, which is often seen as a barometer of the market's health and the overall economy.
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The S&P 500 and Dow industrials pulled back from record highs and the Dow snapped a nine-session streak of gains. Southwest Airlines fell 11.2 percent and led other airline stocks lower after the company forecast a drop in a key profitability metric. 
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