US stocks head mostly lower as early gains fade
U.S. stock indexes were mostly lower in late-afternoon trading Thursday after shedding modest gains from earlier in the day. Losses in technology stocks, as well as retailers, restaurant chains and other consumer-focused companies, accounted for much of the decline. Banks climbed as bond yields rose, setting the stage for higher interest rates. Energy stocks also rose along with crude oil prices.
KEEPING SCORE: The Standard & Poor's 500 index slipped 1 point, or 0.1 percent, to 2,821 as of 3:54 p.m. Eastern Time. The Dow Jones industrial average added 27 points, or 0.1 percent, to 26,177. The Nasdaq fell 19 points, or 0.3 percent, to 7,391.