Stocks gave up an early gain and closed modestly lower on Wall Street, giving the S&P 500 its first loss in four days
Stocks gave up an early gain and closed modestly lower on Wall Street, giving the S&P 500 its first loss in four days.
The pullback came a day after major indexes had notched their latest all-time highs. Investors shifted money away from technology, industrial and financial stocks, among others. Health care stocks and companies that rely on consumer spending rose.
Small-company stocks, which have been the biggest gainers this month, fell more than the rest of the market.
The S&P 500 fell 8.32 points, or 0.2%, to 3,727.04.
The Dow Jones Industrial Average dropped 68.30 points, or 0.2%, to 30,335.67.
The Nasdaq composite slid 49.20 points, or 0.4%, to 12,850.22.
The Russell 2000 index of smaller companies gave up 36.89 points, or 1.8%, to 1,959.36.
For the week:
The S&P 500 is up 23.98 points, or 0.6%.
The Dow is up 135.80 points, or 0.5%.
The Nasdaq is up 45.49 points, or 0.4%.
The Russell 2000 is down 44.59 points, or 2.2%.
For the year:
The S&P 500 is up 496.26 points, or 15.4%
The Dow is up 1,797.23 points, or 6.3%.
The Nasdaq is up 3,877.62 points, 43.2%.
The Russell 2000 is up 290.89 points, or 17.4%.