Stocks ended lower on Wall Street Thursday as tensions flared again between the U.S. and China and as more dismal news came out detailing economic fallout from the coronavirus pandemic.
Technology and health care stocks took some of the heaviest losses. Only industrial sector stocks eked out a gain. Homebuilders, meanwhile, moved broadly higher, extending the group’s solid rally this month.
The S&P 500 gave up 0.8%, but is on track to close out the week with a weekly gain.
The S&P 500 slid 23.10 points, or 0.8%, to 2,948.51.