NEW YORK—Stocks dropped Thursday following another mixed set of profit reports from companies, as rising expectations for interest rates keep up the pressure on Wall Street.
The S&P 500 fell 0.9 percent, while the Dow Jones Industrial Average lost 249 points, or 0.7 percent, and the Nasdaq composite sank 1 percent. All three indexes had been up by close to 1 percent in the morning, before momentum gave out.
