While many of the major sectors ended the day showing only modest moves, significant weakness was visible among housing stocks. Reflecting the weakness in the housing sector, the Philadelphia Housing Sector Index fell by 1.6%.
Airline stocks also saw considerable weakness on the day, giving back some ground after ending the previous session sharply higher. The NYSE Arca Airline Index dropped 1.2%, pulling back off yesterday's twelve-year closing high.
On the other hand, notable strength was visible among steel stocks, as reflected by the 1.1% gain posted by the NYSE Arca Steel Index. The strength in the sector came on the heels of news that
The tech-heavy Nasdaq fell 25.62 points or 0.6% to 4,572.57, pulling back off the fourteen-year closing high set in the previous session. The S&P 500 also edged down 1.56 points or 0.1% to 2,000.72, while the Dow crept up 10.72 points or 0.1% to 17,078.28.
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