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Stocks finish lower amid weak sentiment

Stocks closed Thursday's choppy session lower, as diminished chances of monetary stimulus from major central banks prompted investors to shy away from risky assets.

The Dow Jones industrial average closed down 31 points, having lost over 100 points earlier in the day.

Market sentiment was weak, especially after the lack of any monetary easing by the Bank of Japan on Thursday, and few clues in the minutes from the Federal Reserve's June policy meeting, released on Wednesday. The lack of policy moves suggested major central banks were still cautious about the need for further easing.

Technology shares have been among the worst performers recently, bogged down by profit warnings from companies such as Advanced Micro Devices Inc and Applied Materials Inc.

Investors are waiting for earnings Friday morning from JPMorgan. The bank is due to tell investors the exact size of a multibillion-dollar loss that originated in its London office because in May from a failed hedging strategy.

U.S.-listed shares of Infosys Ltd tumbled after earlier dropping to an all-time low of $38.12. The Indian IT heavyweight cut its sales forecast more than expected as technology spending was hurt by global economic uncertainty.

Reuters contributed to this report.