Stocks closed modestly lower on Wall Street Thursday, though the S&P 500 closed out October with its second monthly gain in a row.
The lower finish was a marked shift from a day earlier, when the benchmark index notched its second all-time high this week. Banks were big losers as bond yields plunged.
The S&P 500 index fell 9.21 points, or 0.3%, to 3,037.56.
The Dow Jones Industrial Average dropped 140.46 points, or 0.5%, to 27,046.23.
The Nasdaq slid 11.62 points, or 0.1%, to 8,292.36.
The Russell 2000 index of smaller companies lost 10.40 points, or 0.7%, to 1,562.45.
For the week:
The S&P 500 is up 15.01 points, or 0.5%.
The Dow is up 88.17 points, or 0.3%.
The Nasdaq is up 49.24 points, or 0.6%.
The Russell 2000 is up 3.74 points, or 0.2%.
For the year:
The S&P 500 is up 530.71 points, or 21.2%.
The Dow is up 3,718.77 points, or 15.9%.
The Nasdaq is up 1,657.08 points, or 25%.
The Russell 2000 is up 213.89 points, or 15.9%.