U.S. stock indexes drifted lower in afternoon trading Thursday, on track for their first loss this week. The slide began early on as the escalating conflict in Ukraine and a batch of disappointing earnings and profit outlooks from retailers eclipsed some good news on the U.S. economy.
U.S. financial markets ended slightly lower Thursday, marking their first loss in a week of record highs.
The escalating conflict in Ukraine, disappointing retail earnings and profit outlooks combined to weigh down the market, eclipsing some good news on the U.S. economy and labor market.
“The key driver was largely the Ukraine news and the uncertainty of what that means,” said Erik...