U.S. stock indexes drifted to a mixed close following more reports showing the economy remains stronger than expected.
The S&P 500 index fell 0.2 percent Thursday. The slight dip sent it to a fifth straight loss for its longest such streak since October. The Dow Jones Industrial Average edged up by 0.1 percent, and the Nasdaq composite slipped 0.5 percent following a mixed set of profit reports from big companies.
Treasury yields rose following the stronger-than-expected economic data. Not only is the number of layoffs across the country remaining relatively low, an index of manufacturing in the mid-Atlantic region showed growth unexpectedly accelerated.
On Thursday:
The S&P 500 fell 11.09 points, or 0.2 percent, to 5,011.12.
The Dow Jones Industrial Average rose 22.07 points, or 0.1 percent, to 37,775.38.
The Nasdaq composite fell 81.87 points, or 0.5 percent, to 15,601.50.
The Russell 2000 index of smaller companies fell 4.99 points, or 0.3 percent, to 1,942.96.
For the week:
The S&P 500 is down 112.29 points, or 2.2 percent.
The Dow is down 207.86 points, or 0.5 percent.
The Nasdaq is down 573.59 points, or 3.5 percent.
The Russell 2000 is down 60.22 points, or 3 percent.
For the year:
The S&P 500 is up 241.29 points, or 5.1 percent.
The Dow is up 85.84 points, or 0.2 percent.
The Nasdaq is up 590.15 points, or 3.9 percent.
The Russell 2000 is down 84.12 points, or 4.1 percent.
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