Wall Street fell to a fifth straight loss.
The S&P 500 slipped 0.4 percent Thursday. The Dow Jones Industrial Average dropped 152 points, and the Nasdaq composite fell 0.3 percent.
Walmart weighed on the market after delivering a weaker-than-expected profit report for the spring, while Nvidia and other Big Tech stocks held a bit steadier following two days of sharp swings.
Treasury yields rose after a report on U.S. business activity dampened Wall Street’s hopes for coming cuts to interest rates. All the S&P 500’s losses have been relatively modest, but it has not risen since setting an all-time high last Thursday.
On Thursday:
The S&P 500 fell 25.61 points, or 0.4 percent, to 6,370.17.
The Dow Jones Industrial Average fell 152.81 points, or 0.3 percent, to 44,785.50.
The Nasdaq composite fell 72.55 points, or 0.7 percent, to 21,100.31.
The Russell 2000 index of smaller companies rose 4.74 points, or 0.2 percent, to 2,274.10.
For the week:
The S&P 500 is down 79.63 points, or 1.2 percent.
The Dow is down 160.62 points, or 0.4 percent.
The Nasdaq is down 522.66 points, or 2.4 percent.
The Russell 2000 is down 12.43 points, or 0.5 percent.
For the year:
The S&P 500 is up 488.54 points, or 8.3 percent.
The Dow is up 2,341.28 points, or 5.3 percent.
The Nasdaq is up 1,789.52 points, or 9.3 percent.
The Russell 2000 is up 43.94 points, or 2 percent.
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