NEW YORK (AP) - U.S. stocks are moving lower Thursday as technology companies, retailers, and smaller firms take some of the largest losses. Materials companies are falling along with precious metals prices. The market has recovered some of its early losses as investors buy high-dividend stocks.
The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,430 as of 2:40 p.m. Eastern time. The Dow Jones industrial average fell 25 points, or 0.1 percent, to 21,349 after it closed at a record high Wednesday. The Nasdaq composite dropped 39 points, or 0.6 percent, to 6,155. The Russell 2000 index of small-company stocks lost 11 points, or 0.7 percent, to 1,407.
Stocks fell much more early in the day. The S&P 500 lost as much as 19 points. Investors appeared rattled the Bank of England nearly raised interest, as well as reports the special counsel investigating Russian influence in the presidential campaign is now examining whether President Donald Trump tried to obstruct justice.
The recent slump for technology companies continued. Apple gave up $1.31 to $143.85 and Facebook shed 91 cents to $149.34. Alphabet, Google's parent company, sank $11.05, or 1.1 percent, to $956.88. The Nasdaq is down 1 percent this week and on track for its second consecutive weekly loss.