U.S. stocks pared losses, after the Standard & Poor’s 500 Index rose yesterday to a five year-high, as House Majority Leader Eric Cantor said the chamber plans to pass a temporary increase in the debt-limit next week.

Intel dropped 7% to lead technology shares down. Capital One ($62.11 0.3%), the lender that gets more than half of its revenue from credit cards, sank 7.9 percent as profit missed estimates. Morgan Stanley ($25.12 0.05%) and General Electric ($23.66 0.09%) rose at least 3.1% as earnings beat estimates.