In this Thursday, May 2, 2013, photo, ING U.S. Chairman and CEO Rodney Martin, Jr., right, watches as Getco specialist Peter Giacchi calls out prices during the IPO of Martin's company, on the floor of the New York Stock Exchange. World stock markets were mostly lower Thursday May 9, 2013 as investors weighed an interest rate cut in South Korea against rising inflation in China. (AP Photo/Richard Drew)
Markets slip below record levels as advance slows
By STEVE ROTHWELL
| The Associated Press
First Published May 09 2013 09:12 am • Last Updated May 09 2013 02:16 pm
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.
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