Stocks ended with their first back-to-back losses since January. Drugmakers weighed on broader markets after President Trump targeted high drug prices and Republicans unveiled details of their Obamacare replacement.
Pier 1 Imports (PIR) unveiled upbeat preliminary results for its fourth quarter. The furniture retailer said cost-cutting and sales initiatives had begun to pay off and pad its bottom line. Dick's Sporting Goods (DKS) slumped on disappointing guidance for its 2017 fiscal year. The sporting goods chain also provided first-quarter earnings targets that fell short of analysts' expectations. Buffalo Wild Wings (BWLD) has identified 10% of its company-owned stores that it could unload in a move to appease activist investor Marcato Capital. The wing chain operates just over 600 company-owned locations.