U.S. stocks finished lower on Thursday, and the Dow Jones Industrial Average ended a three-session string of record closing highs, as a drop in retailer Walmart Inc. (WMT) and a decline in Boeing Co. (BA) dragged blue chips lower. The Dow fell nearly 120 points, or 0.4%, at 31,494, the S&P 500 declined 0.4% at 3,913, while the Nasdaq Composite shed 0.7% to around 13,865. The day's action marked the third straight drop for the S&P 500 and the Nasdaq. Investors on Thursday were focused on economic data, including a report on weekly jobless claims, which showed that 861,000 workers sought unemployment benefits in the week ended Feb. 13, more than economists had expected. Investors also were fixated on the hearing hosted by the House Financial Services Committee as they grilled market participants who played a part in the wild trading action that played out in shares of companies like GameStop Corp. (GME) and AMC Entertainment Holdings (AMC) in late January.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 18, 2021 16:08 ET (21:08 GMT)
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