After failing to sustain an initial move to the upside, stocks came under pressure in early trading on Friday. The major averages pulled back into negative after reaching new record intraday highs.
The major averages climbed well off their worst levels as the day progressed but still closed in negative territory. The Dow slid 220.43 points or 0.5 percent to 45,400.86, the S&P 500 fell 20.58 points or 0.3 percent to 6,481.50 and the Nasdaq edged down 7.31 points or less than a tenth of a percent to 21,700.39.
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