• BREAKING NEWS ABC7 Morning News -- WATCH LIVE

Stocks fall from record close as health care, technology slump

U.S. stock indexes are closing slightly lower, pulling the Nasdaq composite index back below 5,000.

The decline Tuesday came a day after the Nasdaq closed above that milestone for the first time since the dot-com era 15 years ago.

The Nasdaq declined 28 points, or 0.6 percent, to 4,979.

The Dow Jones industrial average fell 85 points, or 0.5 percent, to 18,203. The Standard & Poor's 500 index lost nine points, or 0.5 percent, to 2,107.

The Dow and S&P 500 closed at record highs the day before.

Energy stocks rose as the price of oil recovered. Utilities also rose, but the other eight S&P 500 sectors fell.

Ford lost 2.4 percent after reporting lower sales last month as dealers couldn't keep up with demand for the new F-150 pickup.
Related Topics:
business wall street stocks business earnings u.s. & world financial markets bonds economy health care technology ford New York
(Copyright ©2015 by The Associated Press. All Rights Reserved.)

Load Comments