NEW YORK (Reuters) - U.S. stocks sold off on Thursday, with the S&P 500 recording its biggest daily percentage drop in three months as escalating worries about the Trump administration's ability to push through its economic agenda rattled investors.
While enough megacap stocks rose, single-stock blowups were more common than single-stock rallies
REUTERS - A set of strong earnings from companies, including Caterpillar and McDonald's, lifted the Dow and drove the S&P 500 to a record high, but the tech-heavy Nasdaq was dragged lower by losses in Google parent Alphabet Inc.
The S&P 500 Index has climbed 7.9% since January
S&P 500 has been both within 0.5% of its all-time high and stuck in a 0.6% trading range
The Dow Jones Industrial Average climbed 0.9 per cent to end the week 21,005.71
Oil majors Exxon and Chevron were up about 2.3% and provided the biggest boost to the Dow
Everything was going the bulls' way through the regular close of US exchanges, with money flowing into exchange-traded funds
Earnings next week are expected from big banks JPMorgan Chase, Citigroup and Wells Fargo as well as other financial companies such as BlackRock and PNC Financial Services