U.S. stocks closed lower Thursday, erasing some of the gains from a day earlier, when the major indexes soared to their latest record highs.
Banks and other financial companies fell the most. Materials and industrials companies also declined. Energy stocks fell along with the price of crude oil. Utilities and phone company stocks bucked the broader market slide.
The Dow Jones industrial average lost 112.58 points, or 0.5 percent, to 21,002.97.
The Standard & Poor's 500 index fell 14.04 points, or 0.6 percent, to 2,381.92.
The Nasdaq composite slid 42.81 points, or 0.7 percent, to 5,861.22.
The Russell 2000 index of smaller-company stocks gave up 17.97 points, or 1.3 percent, to 1,395.67.
For the week:
The Dow is up 181.21 points, or 0.9 percent.
The S&P 500 is up 14.58 points, or 0.6 percent.
The Nasdaq is up 15.92 points, or 0.3 percent.
The Russell 2000 is up 1.14 points, or 0.1 percent
For the year:
The Dow is up 1,240.37 points, or 6.3 percent.
The S&P 500 is up 143.09 points, or 6.4 percent.
The Nasdaq is up 478.10 points, or 8.9 percent.
The Russell 2000 is up 38.54 points, or 2.8 percent.