After moving sharply lower early in the session, stocks regained some ground over the course of the trading day on Thursday but still closed in negative territory. With the drop on the day, the Dow pulled back off yesterday's record closing highs.
The major averages finished the day well off their lows but stuck in the red. The Dow fell 119.68 points or 0.4 percent to 31,493.34, the Nasdaq slid 100.14 points or 0.7 percent to 13,865.36 and the S&P 500 dropped 17.36 points or 0.4 percent to 3,913.97.
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