US stocks close near the lows for the day

Major US stock indices are closing near the lows for the day.

Recall from yesterday, the NASDAQ index closed at a new record high. The S&P index traded above its all-time close but ended the day below that level. Today both indices moved away from those record levels

• Dow industrial average fell -234.44 points or -0.53% at 43914.12
• S&P index fell -32.94 points or -0.54% at 6051.25
• NASDAQ index fell -132.05 points or -0.66% at 19902.84. Yesterday the index closed above 20,000 for the first time on record.
• Russell 2000 fell -33.07 points or -1.38% and 2361.08

After the close, Costco and Broadcom have reported earnings.

For Costco

• EPS __________ versus $3.78 estimate
• Revenues ____________versus $66.52 billion estimate
• Shares closed at $992

For Broadcom:

• EPS ___________ versus $1.39 estimate
• Revenue _____________ versus $14.07 billion
• Shares closed at $181.20

This article was written by Greg Michalowski at www.forexlive.com.