Closing Bell: Trump Targets Toyota; Dow Backs Further Away From 20,000

The Dow Jones Industrial Average's chance at 20,000 grew more remote Thursday as disappointing holiday retail sales soured market sentiment. The S&P 500 also closed with losses. Toyota (TM) - Get Report slipped this afternoon after President-elect Trump threatened the Japanese automaker with a border tax if it builds a new plant in Mexico. Trump has recently used Twitter as a means to target automakers' overseas operations. Time Warner (TWX) shares slid on reports Trump still opposes its proposed merger with AT&T (T) - Get Report . The president-elect reportedly believes the more than $85 billion merger would concentrate too much power in the industry. Barnes & Noble (BKS) - Get Report slumped after reporting a decline in comparable-store sales over the holiday season. The books retailer also lowered its full-year sales forecast.