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Stock market today: Wall Street drifts lower as momentum slows for US stocks

Stock market today: Wall Street drifts lower as momentum slows for US stocks

NEW YORK (AP) — U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies. The S&P 500 slipped 0.2% Thursday, even though more stocks rose than fell within the index. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite fell 0.9%. Stocks had shot higher the day before on hopes that an encouraging report on inflation may convince the Federal Reserve to deliver more cuts to interest rates. Treasury yields eased in the bond market following some mixed reports on the U.S. economy.… Continue Reading

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