The S&P technology index fell 1 percent, with Intel down 2.8 percent after Goldman Sachs downgraded the stock to "sell". In corporate news, shares of Dropbox Inc. were lower after a second-quarter earnings report, which also included news that Chief Operating Officer Dennis Woodside was stepping down and a post-IPO lockup on shares would expire earlier than previously planned.
"Problems in emerging markets are more important than ever because of the global growth engine that emerging markets have become", Peter Cecchini, chief market strategist at Cantor Fitzgerald in NY, wrote in a note. "You have banks losing because the 10-year U.S. Treasury (yield) came down".
At 10:53 a.m. EDT the Dow Jones Industrial Average .DJI was up 3.07 points, or 0.01 percent, at 25,586.82, the S&P 500 .SPX was up 3.00 points, or 0.10 percent, at 2,860.70 and the Nasdaq Composite .IXIC was up 24.70 points, or 0.31 percent, at 7,913.03.
Rain disrupts Lord's test again as India struggle
On the Day 2, English bowlers used the conditions perfectly and restricted India for just 107 runs in the first innings. England prefer Chris Woakes to Moeen Ali as the replacement for Ben Stokes, while Ollie Pope is in for Dawid Malan.
Energy weighs on the S&P 500 on Thursday. The Nasdaq gained 0.3 per cent for the week after strong gains in some technology shares. Tech shares also fell as Facebook, Alphabet and Amazon all declined.
Economic data showing U.S. consumer inflation rose steadily in July, supporting the case for another interest rate hike next month by the Federal Reserve.
The S&P 500 index fell 4.12 points, or 0.1 percent, to 2,853.58.
Declining issues outnumbered advancers for a 1.63-to-1 ratio on the NYSE and for a 1.06-to-1 ratio on the Nasdaq.
About 6.7 billion shares changing hands on US exchanges. That compares with the 6.3 billion daily average for the past 20 trading days, according to Thomson Reuters data.