U.S. stocks pulled back Wednesday from their record highs on Tuesday, when the Dow Jones Industrial Average crossed 19,000 and the S&P 500 topped 2,200. The markets are following a slew of economic data points. Weekly jobless claims rose by 18,000 over the past week to 251,000. Durable goods orders for October rose 4.8%, topping economists' estimates of 1.5%. Deere (DE) shares were in focus after reporting earnings of 90 cents a share, crushing estimates of $0.40. The company expects fiscal 2017 sales to fall 1% year over year. Eli Lilly (LLY) shares tanked after a late-stage trial of an Alzheimer's drug failed. The stock was near its lowest level in two years. Urban Outfitters (URBN) shares were plunging after analysts at Wunderlich Securities cut the retailer's price target to $32 a share from $40. The stock now trades near $36. The analysts downgraded the stock to hold from buy.
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