Brands such as Cisco and Walmart traded lower on Thursday. Stocks dipped amid a variety of economic news. In earnings moves, Walmart shed 2% today in the wake of its quarterly results. The company reported profit of $2.13 billion, or 72 cents a share, compared to profit of $3.04 billion, or $1 a share, in the same period, a year ago. On another note, initial jobless claims increased last week. Department of Labor data showed new claims climbed by 11,000 to 222,000 for the week ended May 12.