U.S. Stocks Give Back Ground After Early Advance But Remain Mostly Positive

U.S. stocks gave back early gains on Thursday, with the major averages pulling well off their intraday highs and the Nasdaq and S&P 500 briefly dipping below key levels. The move reflects fading risk appetite and intraday volatility rather than any new fundamental catalyst.

Analysis

U.S. stocks gave back early gains on Thursday, with the major averages pulling well off their intraday highs and the Nasdaq and S&P 500 briefly dipping below key levels. The move reflects fading risk appetite and intraday volatility rather than any new fundamental catalyst.