U.S. stocks fell on Friday amid a slide in Amazon shares, but the S&P 500 is still on track to notch its sixth straight positive month.
The Dow Jones Industrials dumped 39 points from Thursday’s all-time record to 35,045.53, supported by a jump in Procter & Gamble shares.
The S&P 500 dropped 15.26 points to 4,403.89, from what had also been a fresh high, dragged down by the consumer discretionary sector.
The NASDAQ lost 83.43 points to 14,694.84.
Major averages are still on pace to wrap up a solid month, although volatility has picked up amid concerns about the economic recovery in the face of the spreading delta variant.
The NASDAQ has climbed 1%, while the Dow has added 1.4% in July, while the broad S&P 500 is up 2.2% over the same period. Utilities, health-care, real estate and technology stocks have led the S&P 500 higher for the month, … Read more