The stock market fell back from record levels Wednesday because of a weaker forecast for global growth and concerns about airline profits.
World Bank predicted weaker global growth this year, citing a tough winter in America and the political crisis in Ukraine. The bank said that it expects the world economy to grow 2.8 percent this year instead of the 3.2 percent it predicted in January.
The Dow Jones industrial average fell 102.04 points, or 0.6 percent, to 16,843.88
The Standard & Poor’s 500 index was down 6.90 points, or 0.4 percent, to close at 1,943.89
The Nasdaq composite fell 6.07 points, or 0.1 percent, to 4,331.93
For the week:
The Dow is down 80.40 points, or 0.5 percent.
The S&P 500 is down 5.55 points, or 0.3 percent.
The Nasdaq is up 10.53 points, or 0.2 percent.
For the year:
The Dow is up 267.22 points, or 1.6 percent.
The S&P 500 index is up 95.53 points, or 5.2 percent.
The Nasdaq is up 155.34 points, or 2.1 percent.