Wall Street ended mildly lower Thursday as investors took profits amid nervousness about the government's second-quarter gross domestic product report, the Associated Press reports. Concerns about another product delay at Microsoft Corp. weighed on the technology sector.
Robust earnings growth at major oil companies lifted stocks through most of the session, with Exxon Mobil Corp. posting the second-highest profit ever reported by a public U.S. company and Royal Dutch Shell PLC seeing a 40 percent jump in its income.
According to preliminary calculations, the Dow Jones industrial average lost 2.08, or 0.02 percent, to 11,100.43, after rising as much as 85 points earlier. The Dow has barely budged since rising 230 points Monday and Tuesday. Broader stock indicators also retreated. The Standard & Poor's 500 index dropped 5.20, or 0.41 percent, to 1,263.20, and the tech-heavy Nasdaq composite index fell 15.99, or 0.77 percent, to 2,054.47.
Today's Winners & Losers
K-Swiss Inc. gained 14.6 percent to close at $27.43 while VCA Antech Inc. gained 12.5 percent to close at $34.78 and Teledyne Technologies Inc. finished up 9.1 percent and closed at $37.10.
Finishing the day down were Sketchers USA Inc., which lost 14.6 percent and closed at $20.93 while Hi-Shear Technologies lost 12.6 percent to close at $12.14 and Enova systems lost 13 .4 percent to finish the day at $3.55 a share.
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