After failing to sustain an early move to the upside, stocks gave back ground over the course of the trading session on Thursday. The major averages pulled back well off their highs of the session, with the Dow and the S&P 500 ending the day in negative territory.
The Dow jumped by nearly 180 points in early trading but ended the day down 168.33 points or 0.5 percent at 34,721.91. The S&P 500 also slipped 7.21 points or 0.2 percent to 4,507.66, while the Nasdaq inched up 15.66 points or 0.1 percent to 14,034.97 closing higher for the fifth straight session.
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