Wall Street closes lower, pausing its record rally as earnings reports approach

U.S. stocks closed on a negative note Thursday as investors, lacking economic data or sentiment-driving catalysts, took the opportunity to consolidate ahead of third-quarter earnings season. The S&P 500 and Nasdaq eased back from Wednesday’s record highs, while the blue-chip Dow closed with the deepest percentage decline. “The earnings cycle is upon us and it […]