Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023.
Thursday's decline ended the longest winning streaks in two years for the S&P 500 (.SPX) and the Nasdaq Composite (.IXIC).
The S&P 500 touched its highest level since Sept 20.
All 11 S&P 500 sectors were in positive territory, with technology (.SPLRCT) leading the way, up 2.2%.
On the Nasdaq, advancing issues outnumbered decliners by a 1.5-to-1 ratio, while the Nasdaq recorded 49 new highs and 318 new lows.
Persons:
Brendan McDermid, Illumina, Jerome Powell, ”, Rick Meckler, ” Meckler, Lewis Krauskopf, Amruta, Maju Samuel, David Gregorio Our
Organizations:
New York Stock Exchange, REUTERS, CPI, Dow, Nasdaq, Federal, Investors, Treasury, Cherry Lane Investments, Dow Jones, Nvidia, Microsoft, NYSE, Thomson
Locations:
New York City, U.S, New Vernon , New Jersey, New York