The stock market's early gain has slipped away. The S&P 500 was down 0.1%, while the Nasdaq Composite was down 0.3%. The Dow was down 14 points, or pretty much flat. The Nasdaq was up more than 2% earlier in the session.

Traders at first cheered Thursday morning, sending all three major stock indexes sharply higher. At one point, the Dow Jones was up more than 700 points. But by late morning, the rally started to wear off, and sentiment – and markets – turned sharply negative by midday.

Live Updates Get The Best Vanguard S&P 500 ETF Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on Vanguard S&P 500 ETF, market updates, and brand-new stock recommendations delivered directly to your inbox.

Stock Market LIVE Updates: Around 2:00 PM, the BSE Sensex was trading at 85,420.54, down 212.14 points or 0.25 per cent. Likewise, Nifty was trading at 26,131.20, down 60.95 points or 0.23 per cent.

The Nifty bulls would want to end this week, which has been a good one for them, on a high. The index came within 35 points of reclaiming its 2024-peak, but failed to do so and cooled off from those levels.

The parent company of Square and Cash App offered an upbeat long-term earnings outlook at its first investor day since 2022.

Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook. The Dow Jones Industrial Average fell 386.

Shares of BJ's Wholesale climbed more than 2%, while Gap stock jumped 5.5%. Intuit shares climbed 3.5%, as Ross Stores gained 3%. Finally, Veeva stock plunged more than 7% in premarket action.