National News
Stocks close lower, falling below recent record highs
Major U.S. stock indexes closed mostly lower Thursday, pulling back further from the record highs they reached at the start of the week.
by Associated Press
Jul. 15 2021 @ 6:24pm
Major U.S. stock indexes closed mostly lower Thursday, pulling back further from the record highs they reached at the start of the week.
The S&P 500 fell 0.3% after shedding an early gain. The benchmark index is now on pace for its first weekly loss in four weeks.
Technology and communications stocks, and companies that rely on consumer spending, accounted for much of the pullback, outweighing gains elsewhere in the market. Energy stocks fell following a broad slide in energy prices. Among the winners were financial stocks, including banks, which have been reporting mostly solid earnings.