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Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record

Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record

NEW YORK (AP) — U.S. stock indexes fell following some potentially discouraging data on the economy. The S&P 500 slipped 0.5% Thursday for its fourth loss in the last six days. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. Reports in the morning showed more U.S. workers applied for unemployment benefits than expected, while inflation was hotter at the wholesale level than economists expected. Adobe helped drag the stock market lower after giving forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’.… Continue Reading

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