US stocks pulled back on Wednesday, bogged down by Microsoft, as traders contemplated the U.S. economic outlook.

The S&P 500 shed 0.2%, while the Nasdaq Composite lost 0.3%. The Dow Jones Industrial Average dipped 18 points.

American Eagle Outfitters gained 14% after the clothing retailer reported record sales and better-than-expected earnings in its fiscal third quarter. Same-store sales climbed 4% from a year ago, reflecting the success of recent marketing campaigns featuring the likes ofSydney Sweeney and Travis Kelce, which executives said had driven customer engagement and attracted new shoppers.

Marvell Technology jumped 8% after the chip maker beat Wall Street’s third-quarterearnings and revenue targetsand forecast stronger-than-expected growth for its data-center segment. Marvell also announced that it would be acquiring artificial-intelligence start-up Celestial AI in a cash-and-stock deal valued at approximately $3.25 billion.