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Major U.S. stock indexed closed lower on Thursday, pausing a powerful rally sparked a day earlier by falling bond yields and encouraging signs on the inflation front.
The Dow Jones Industrial Average fell about 68 points, or 0.2%, ending around 43,153, according to preliminary data.
The S&P 500 index lost 12 points, or 0.2%, ending around 5,937.
The Nasdaq Composite Index shed about 172 points, or 0.9%, closing near 19,338.
The 10-year yield fell to 4.606% Thursday, retreating from its one-year high of 4.802% set on Monday. But a cautious tone remained in markets with investors focused on what policies might be a top priority under the incoming Trump administration — and the Treasury market's likely reaction to them.
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