U.S. stock indexes drifted lower following some potentially discouraging data on the economy.
The S&P 500 fell 0.5 percent Thursday, its third loss in the last four days. The Dow Jones Industrial Average fell 0.5 percent, and the Nasdaq composite dropped 0.7 percent from its record set the day before.
A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than forecast. A separate update showed that inflation at the wholesale level was hotter last month than economists expected. Adobe sank after issuing weaker-than-expected financial forecasts. Treasury yields rose in the bond market.
On Thursday:
The S&P 500 fell 32.94 points, or 0.5 percent, to 6,051.25.
The Dow Jones Industrial Average fell 234.44 points, or 0.5 percent, to 43,914.12.
The Nasdaq composite fell 132.05 points, or 0.7 percent, to 19,902.84.
The Russell 2000 index of smaller companies fell 33.08 points, or 1.4 percent, to 2,361.08.
For the week:
The S&P 500 is down 39.02 points, or 0.6 percent.
The Dow is down 728.40 points, or 1.6 percent.
The Nasdaq is up 43.07 points, or 0.2 percent.
The Russell 2000 is down 47.91 points, or 2 percent.
For the year:
The S&P 500 is up 1,281.42 points, or 26.9 percent.
The Dow is up 6,224.58 points, or 16.5 percent.
The Nasdaq is up 4,891.49 points, or 32.6 percent.
The Russell 2000 is up 334.01 points, or 16.5 percent.
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