Stocks trading near session lows ahead of Thanksgiving as Nasdaq Composite and Dow retreat from records
U.S. stock benchmarks on Wednesday were pulling back and trading near their lows of the day as investors found few reasons to buy stocks after a record run-up for the equity market broadly a day ago. Lackluster economic reports also appeared to undercut the buying mood on Wall Street. The Dow Jones Industrial Average
DJIA,
was down 177 points, or 0.6%, at 28,870, following the first close for the blue-chip index above 30,000 in its history. The S&P 500 index
SPX,
was down 0.4% at 3,621, while the Nasdaq Composite Index
COMP,
was trading flat to slightly lower after opening above its most recent closing record. U.S. markets will be closed on Thursday for Thanksgiving and will see an early close on Black Friday.
