NEW YORK—Stocks closed broadly lower on Wall Street Thursday as stronger-than-expected reports on the U.S. economy stoked worries about interest rates staying high.
The S&P 500 fell 1.4 percent after having been down as much as 2.9 percent earlier in the day. The pullback brings Wall Street’s main measure of health back to a loss of nearly 20 percent for the year. The Dow Jones Industrial Average fell 1 percent and the Nasdaq closed 2.2 percent lower.
