S&P 500 DIPS, RECORD HIGH STILL IN SLIGHT
The S&P 500, haunted by angst over weak global growth and a steep drop in government bond yields as some investors look for safer investments, cutting its early losses Thursday and ended down 0.2% after a three-day assault on an all-time high that failed to result in a new record. After coming within 10 points of a record Wednesday, the Standard & Poor's 500 lost about 4 points to 2115.48, still below its May 2015 record high of 2130.82. The Dow Jones industrial average ended down 20 points, or 0.1% and is back below the 18,000 level. The Nasdaq composite fell 0.3%. In a sign of rising angst among investors, the 10-year Treasury note yield in the U.S. at 1.68% Thursday fell to its lowest levels since the stock market lows back in February. And the 10-year government bond in Germany hit a fresh record low yield of 0.034% earlier in the session. The drop in bond yields is signaling that some investors are concerned about the ongoing weakness in the global economy.