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Markets slip below record levels as advance slows

Published May 9, 2013 9:12 am

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

NEW YORK • Markets closed lower Thursday as a powerful advance slowed down.

The Dow Jones industrial average fell 22 points, to 15,082, a decline of 0.2 percent. The Dow had closed above 15,000 for the first time on Tuesday.

The Standard & Poor's 500 index lost six points, to end at 1,626, a fall of 0.4 percent. It was the first loss for the S&P since May 1.

The Nasdaq composite index was off four points, at 3,409, or 0.1 percent.

Tesla Motors soared 24 percent after the electric car maker posted its first quarterly net profit since it was founded a decade ago.

Two stocks fell for every one that rose on the New York Stock Exchange. Volume was lower than average at 3.3 billion shares.