U.S. stocks pulled back from their record heights on a shaky Wall Street.
The S&P 500 fell 0.4 percent Thursday to halt its weekslong rally. The Dow Jones Industrial Average lost 0.4 percent, and the Nasdaq composite fell 0.9 percent.
Tesla helped drag the market lower on concerns about how much it’s spending to build factories. Stocks also took a hit after the price for a barrel of Brent crude to be delivered in June briefly jumped above $107. Uncertainty continues about what will happen with the Iran war. That sent the S&P 500 suddenly down as much as 1.3 percent before it trimmed its loss.
On Thursday:
The S&P 500 fell 29.50 points, or 0.4 percent, to 7,108.40.
The Dow Jones Industrial Average fell 179.71 points, or 0.4 percent, to 49,310.32.
The Nasdaq composite fell 219.06 points, or 0.9 percent, to 24,438.50.
The Russell 2000 index of smaller companies fell 10.28 points, or 0.4 percent to 2,775.10.
For the week:
The S&P 500 is down 17.66 points, or 0.2 percent.
The Dow is down 137.11 points, or 0.3 percent.
The Nasdaq is down 29.98 points, or 0.1 percent.
The Russell 2000 is down 1.80 points, or 0.1 percent.
For the year:
The S&P 500 is up 262.90 points, or 3.8 percent.
The Dow is up 1,247.03 points, or 2.6 percent.
The Nasdaq is up 1,196.51 points, or 5.1 percent.
The Russell 2000 is up 293.19 points, or 11.8 percent.
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