U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big...

U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies.

The S&P 500 slipped 0.2% Thursday, even though more stocks rose than fell within the index. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite fell 0.9%.

Stocks had shot higher the day before on hopes that an encouraging report on inflation may convince the Federal Reserve to deliver more cuts to interest rates. Treasury yields eased in the bond market following some mixed reports on the U.S. economy.

The Dow Jones Industrial Average fell 68.42 points, or 0.2%, to 43,153.13.

The Nasdaq composite fell 172.94 points, or 0.9%, to 19,338.29.

The Russell 2000 index of smaller companies rose 3.50 points, or 0.2%, to 2,266.79.

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