UPDATE: Stocks inch down as data fails to excite; tech stocks among losers
By Barbara Kollmeyer, MarketWatch , Ryan Vlastelica
Tech shares fall, but energy sector advances
U.S. stocks edged lower on Thursday, with major indexes pulling back from near-record levels as excitement over a potential tax overhaul waned and economic data failed to spur much buying.
What are stocks doing?
The Dow Jones Industrial Average fell 32 points, or 0.1%, to 22,308. The S&P 500 was off 1 point to 2,506, having ended about 0.1% below its closing record on Wednesday. The Nasdaq Composite Index slid 9 points, or 0.2%, to 6,444. The tech-heavy index jumped more than 1% on Wednesday.
The Russell 2000 slipped 0.1% to 1,483. The index of small companies ended at a record on Wednesday.
Technology shares were among the weakest of the day, with the sector down 0.4%. However, that was offset by a rally in the energy sector, which rose 0.5%. Among notable movers, Microsoft Corp.(MSFT) fell 0.7% while Exxon Mobil Corp. (XOM) was up 0.7%.
What's driving the market?