Wall Street’s weak start to 2024 carried into a third day. Stocks finished mixed on Thursday following reports showing the U.S. job market remains solid, though maybe a touch too strong.
The S&P 500 slipped 0.3 percent, and is on track for its first losing week in the last 10. The Dow Jones Industrial Average eked out a gain of less than 0.1 percent, and the Nasdaq composite fell 0.6 percent.
Walgreens Boots Alliance sank after cutting its dividend nearly in half in order to hold onto more cash. That helped overshadow gains for airlines and cruise-ship operators.
On Thursday:
The S&P 500 fell 16.13 points, or 0.3 percent, to 4,688.68.
The Dow Jones Industrial Average rose 10.15 points, less than 0.1 percent, to 37,440.34.
The Nasdaq composite fell 81.91 points, or 0.6 percent, to 14,510.30.
The Russell 2000 index of smaller companies fell 1.47 points, or 0.1 percent, to 1,957.73.
For the week:
The S&P 500 is down 81.15 points, or 1.7 percent.
The Dow is down 249.20 points, or 0.7 percent.
The Nasdaq is down 501.05 points, or 3.3 percent.
The Russell 2000 is down 69.35 points, or 3.4 percent.
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