Stocks closed lower on Wall Street Thursday as investors tapped the brakes after three days of gains. The S&P 500 fell 0.7 percent, and the Nasdaq fell 1.7 percent.
The Dow Jones Industrial Average slipped less than 1 point. Small-company stocks fell more than the rest of the market. The pullback came after investors pushed the S&P 500 index up 3.6 percent over the first three days of the week, largely in response to easing worries about the omicron variant of the COVID-19 virus. CVS Health rose after raising its dividend and issuing a solid forecast. The yield on the 10-year Treasury fell to 1.49 percent.
