What Happened in the Stock Market Today

What Happened in the Stock Market Today

Stocks retreated on Thursday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) ending a nine-day winning streak and the S&P 500 (SNPINDEX: ^GSPC) also closing lower.

Data source: Yahoo! Finance.

The price of gold had its largest drop in over two months, as the prospect of higher interest rates in response to Fed action made the metal less attractive compared to yield-bearing instruments. The SPDR Gold Shares ETF (NYSEMKT: GLD) fell 0.8%. Bank stocks continued to advance, with the SPDR S&P Regional Banking ETF (NYSEMKT: KRE) rising 0.4%.

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Source: Fool.com