"The market is beginning to debate whether or not the Fed is right on inflation," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Boeing Co BA.N was down 1.6% after the planemaker announced deliveries of its 737 MAX fell to just four planes in April due to an electrical problem. L Brands Inc LB.N it will split into two publicly traded companies, Bath & Body Works and Victoria's Secret.