Another afternoon fade for stocks left Wall Street just shy of a record, after the S&P 500 briefly crossed above its all-time closing high for the second straight day.
Another afternoon fade for stocks left Wall Street just shy of a record Thursday, after the S&P 500 briefly crossed above its all-time closing high for the second straight day.
The Dow Jones industrial average dipped 80.12, or 0.3%, to 27,896.72. The Nasdaq composite climbed 30.27, or 0.3%, to 11,042.50. Economists said the drop in jobless claims, which was better than the market was expecting, is an encouraging step. But they also cautioned that it could be more of an outlier than a trend, and more data reports are needed to confirm it.Wall Street has erased almost all of the nearly 34% drop the S&P 500 suffered from late February into March, even though the economy is still hobbled despite some recent improvements.Massive efforts to support the economy by the Federal Reserve and U.S.
Most stocks in the S&P 500 and across Wall Street were weaker Thursday. Energy producers had some of the sharpest losses, but resilience for Apple and several other Big Tech stocks helped to keep the losses in check.
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