Manufacturing data causes Wall St to fall, and Salesforce is down.

Wall Street gave up gains earned earlier in the day on Thursday as a decline in Salesforce shares dragged the Dow down as data suggesting a small reduction in inflation and strong consumer spending were obscured by a decline in manufacturing activity last month.

U.S. in November for the first time in two and a half years as rising borrowing costs reduced consumer demand and served as a catalyst for investors to take profits after a surge the previous day.

According to Rusty Vanneman, chief investment strategist at Orion Advisor Solutions, "yesterday's rise was so insanely enormous, this is probably simply some normal profit taking."

In contrast to predictions of 0.3%, the core personal consumption expenditure (PCE) index slipped to 0.2%, excluding volatile items.