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US stocks fall, pulling market further below record highs

Trader Thomas Kay works on the floor of the New York Stock Exchange Wednesday, March 4, 2015. U.S. stocks are opening lower, putting the market on track for a second day of losses. (AP Photo/Richard Drew)
Trader Thomas Kay works on the floor of the New York Stock Exchange Wednesday, March 4, 2015. U.S. stocks are opening lower, putting the market on track for a second day of losses. (AP Photo/Richard Drew) Trader Thomas Kay works on the floor of the New York Stock Exchange Wednesday, March 4, 2015. U.S. stocks are opening lower, putting the market on track for a second day of losses. (AP Photo/Richard Drew)

By Associated Press 1 min read

NEW YORK (AP) – U.S. stocks are ending lower for a second day in a row, pulling the market further below record highs reached earlier this week.

The drop Wednesday was modest but broad: nine of the 10 sectors in the Standard & Poor’s 500 index lost ground.

The S&P 500 gave up nine points, or 0.4 percent, to 2,098.

The Dow Jones industrial average lost 106 points, or 0.6 percent, to 18,096. The Nasdaq composite fell 12 points, or 0.3 percent, to 4,967.

Aluminum maker Alcoa sank 4 percent, the most in the S&P 500.

Abercrombie & Fitch plunged 16 percent after its revenue came up short of what investors were looking for.

The price of oil rose $1.01 to $51.53 a barrel in New York.