U.S. stock benchmarks head lower late Thursday as investors weigh optimism about the reopening of the economy and data that showed some signs of paring weakness from the COVID-19 pandemic and concerns that equities have risen too briskly in recent trade. The Dow Jones Industrial Average (DOW:DJIA) was off 130 points, or 0.5%, at 26,137, on the brink of ending a 3-day win streak. The S&P 500 index (S&P:SPX) was down 0.8% at 3,097, while Nasdaq Composite Index (AMERICAN:COMP) retreated 1% at 9,587. The Nasdaq still remains within 3% of its Feb. 19 record high at around 9,817.18. Both the Nasdaq and S&P 500 were threatening to end a win streak at four straight sessions.
June 4, 2020, 3:29 p.m. EDT