Closing Bell: Buffalo Wild Wings Could Unload Stores; U.S. Stocks Post Back-to-Back Losses

Stocks ended with their first back-to-back losses since January. Drugmakers weighed on broader markets after President Trump targeted high drug prices and Republicans unveiled details of their Obamacare replacement.

Pier 1 Imports (PIR) - Get Report unveiled upbeat preliminary results for its fourth quarter. The furniture retailer said cost-cutting and sales initiatives had begun to pay off and pad its bottom line. Dick's Sporting Goods (DKS) - Get Report slumped on disappointing guidance for its 2017 fiscal year. The sporting goods chain also provided first-quarter earnings targets that fell short of analysts' expectations. Buffalo Wild Wings (BWLD)  has identified 10% of its company-owned stores that it could unload in a move to appease activist investor Marcato Capital. The wing chain operates just over 600 company-owned locations.