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Wall Street ends mostly lower; Nasdaq down for 3rd session

Published on May 9, 2014 5:12 AM
 
US stocks mostly fell on Thursday with the S&P 500 and the Nasdaq closing lower, led by losses in the energy and utility sectors. -- FILE PHOTO: AFP

NEW YORK (REUTERS) - US stocks mostly fell on Thursday with the S&P 500 and the Nasdaq closing lower, led by losses in the energy and utility sectors.

The Nasdaq ended lower for a third straight session, its longest losing streak since early April.

A turnaround in beaten-down internet stocks had boosted the Nasdaq earlier, while a drop in initial jobless claims suggested the labor market was improving and had helped lift the broader market.

But a late selloff in utilities and energy, among the best performing sectors recently, dragged the S&P 500 and the Nasdaq to session lows.

 
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