A washout on Wall Street sends stocks, big to small, lower

Friday, July 19, 2024, Vol. 48, No. 29

NEW YORK (AP) — A widespread washout across Wall Street dragged U.S. stocks lower.

The S&P 500 fell 0.8% Thursday to pull further from its all-time high set on Tuesday. The Dow Jones Industrial Average sank 1.3% from its own record set a day before, while the Nasdaq composite was 0.7% lower.

Apple, Microsoft and other Big Tech stocks once again led the market lower.

Unlike much of the last week, Thursday's losses hit many corners of the market.

Smaller stocks, which had been cranking higher after badly lagging their larger rivals, fell more than the rest of the market.