The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.31%.
Stocks on Thursday settled moderately lower, with the S&P 500 and Nasdaq 100 falling back from record highs. Long liquidation and profit-taking ahead of Friday’s monthly payroll report weighed on stocks. Also, hawkish comments Wednesday night from San Francisco Fed President Daly undercut stocks when she said there's "no sense of urgency" for the Fed to lower interest rates. Thursday’s US economic news was mixed for stocks, with weekly initial unemployment claims climbing more than expected while the Oct trade deficit narrowed more than expected.
