Stocks retreat as weak earnings provide no joy
NEW YORK (AP) — Stocks slumped on Wall Street Thursday, suggesting that the rally which has pushed indexes close to record levels may have run its course.
The Dow Jones industrial average was down 118 points at 13,870 as of 12:04 p.m. The index has shed almost 1 percent since the start of the week, after logging its best January in almost two decades.
The Standard and Poor's 500 fell 11 points to 1,502 and the Nasdaq composite dropped 24 points to 3,145.
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