A roundup of trading on major world markets:
NEW YORK - US shares opened lower, a day after the S&P 500 closed at a new record, pulled down by disappointing earnings from Citigroup and Best Buy's poor holiday sales.
Five minutes into trade on Thursday, the Dow Jones Industrial Average was down 59.98 points (0.36 per cent) at 16,421.96.
The broad-based S&P 500 fell 4.89 (0.26 per cent) to 1,843.49, while the tech-rich Nasdaq Composite lost 6.71 (0.16 per cent) at 4,208.17.
Citigroup shares fell 3.2 per cent after earnings per share in the fourth quarter came in at 82 cents, well below the 96 cents expected.
Electronics retailer Best Buy plunged 29 per cent after saying November-December same-store sales were 0.8 per cent lower than the previous year's holiday shopping season.
LONDON - European stocks pulled back, failing to gain traction from a surprise drop in US unemployment claims, while Citigroup earnings disappointed.
London's benchmark FTSE 100 index ended Thursday down just 0.07 per cent at 6,815.42 points.
Frankfurt's DAX 30 fell 0.17 per cent to 9,717.71 points and the CAC 40 in Paris dropped 0.30 per cent to 4,319.27 points.
All three major markets had rallied on Wednesday, with sentiment boosted after the World Bank declared that the global economy was at a turning point.
The euro dipped to $US1.3602 from $US1.3604 late on Wednesday in New York.
HONG KONG - Asia's markets mostly rose following a record-breaking close on Wall Street as investors welcomed fresh positive US data and an upbeat Federal Reserve report on the economy.
Tokyo fell 0.39 per cent, or 61.53 points to 15,747.20, giving up earlier gains on profit-taking after Wednesday's strong rally, while Seoul rose 0.21 per cent, or 4.04 points, to end at 1,957.32.
Sydney jumped 1.21 per cent, or 63.7 points, to 5,309.1 as an upbeat output report from resources giant Rio Tinto lifted commodities shares, offsetting the soft jobs figures.
Hong Kong added 0.37 per cent, or 84.41 points to 22,986.41 and Shanghai closed flat, edging up 0.35 points to 2,023.70.
Investor confidence was given a boost by an all-time high close for the S&P 500 - its first record of the new year - after a positive report on the US economy from the Federal Reserve.
WELLINGTON - The NZX 50 Index advanced 8.256 points, or about 0.2 per cent, on Thursday to 4921.290.