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Wall Street retreats after record-setting Wednesday

Thu, 18 Jan 2018 21:23:19 +0000

JaysonPhotography/iStock/Thinkstock(NEW YORK) -- One day after a record close for the Dow Jones Industrial Average, Wall Street's major indices retreated slightly on Thursday.

The Dow dropped 97.94, losing about one-third of a percent and closing at 26,017.81.

The Nasdaq dipped 2.23 to a close of 7,296.05, while the S&P 500 ended the day at 2,798.03, 4.53 lower than its open.

Wells Fargo says it has corrected an issue that caused some customers to see their bank balance drop without warning. The bank says that an internal processing error caused some items to double post. Any fees caused by the error will be waived.

Amazon announced the 20 cities still in the running for its second headquarters. The list includes big cities like New York, Boston, Chicago and Los Angeles, as well as Columbus, Ohio and Raleigh, North Carolina.

Larger than expected misses on revenue and profit sent aluminum producer Alcoa's stock falling. Shares of the company finished the day trading down seven percent.

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