Markets Right Now: Stocks pull back from records
Stocks pulled back moderately in midday trading on Wall Street as investors hit the pause button following a record-setting streak for major U.S. indexes.
Stocks are off to a mixed start on Wall Street as traders absorb the latest corporate deal and earnings news.
Bond yields continued to rise early Thursday, knocking high-dividend stocks such as utilities and phone companies lower.
In earnings news, chipmaker Intel sank 4 percent after reporting a sharp drop in earnings late Wednesday.