Stocks on Wall Street were down slightly in early trading Thursday, following new economic data and a mixed batch of earnings reports from big U.S. companies.

The S&P 500 slipped 0.1% a day after climbing to a new high. The Dow Jones Industrial Average dropped 52 points, or 0.1%, as of 10:02 a.m. Eastern time. The Nasdaq composite was down less than 0.1%.

Hormel fell 4.7% for the biggest drop among S&P 500 companies after reporting earnings that Spam maker fell short of Wall Street’s forecasts and cut its outlook for the year.

Victoria’s Secret & Co. surged 9.7% after the retail chain’s second-quarter results topped analysts’ estimates.

Gains in technology companies helped temper declines in health care and other sectors. Broadcom rose 2.7% and Advanced Micro Devices was 1.9%.

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