U.S. stock indexes edged lower for a second day Thursday as investors continued to retreat from technology stocks. The technology-heavy Nasdaq composite index closed at its lowest level in six weeks.
Bank stocks were also in focus. Citigroup fell 5 percent after the Federal Reserve denied the bank’s plan to raise its dividend and buy back more stock.
The Dow Jones industrial average fell 4.76 points, or 0.03 percent, to 16,264.23.
The Standard & Poor’s 500 index lost 3.52 points, or 0.2 percent, to 1,849.04.
The Nasdaq composite declined 22.35 points, or 0.5 percent, to 4,151.23.
For the week:
The Dow is down 38.54 points, or 0.2 percent.
The S&P 500 is down 17.48 points, or 0.9 percent.
The Nasdaq is down 125.56 points, or 2.9 percent
For the year:
The Dow Jones industrial average is down 312.43 points, or 1.9 percent.
The Standard & Poor’s 500 index is up 0.68 of a point, or 0.04 percent.
The Nasdaq composite is down 25.36 points, or 0.6 percent.