NEW YORK, New York – Positive economic data propelled U.S. stocks higher Thursday, with the Dow Joines and Standard and Poor’s reaching record intraday highs. However the gains could not be sustained, and by the close all the major indices were trading in the red.
The Dow Jones Industrial Average declined 90.55 points, or 0.25 percent, to 36,398.08.
The Standard and Poor’s 500 fell 14.33 points, or 0.30 percent, to 4,778.73.
The Nasdaq Composite shed 24.65 points, or 0.16 percent, to 15,741.56.
The U.S. dollar drifted lower. The euro nudged up to 1.1325 by the New York close Thursday. The British pound strengthened to 1.3501. The Japanese yen edged up to 115.06. The Swiss franc was stronger at 0.9139.
The Canadian dollar rose strongly to 1.2735. The Australian dollar was a fraction higher at 0.7252. The New Zealand dollar firmed to 0.6832.
Overseas, the FTSE 100 in London slid 0.24 percent. The German Dax was down 0.21 percent. The Paris-based CAC 40 was off 0.16 percent.
On Asian markets, the Australian All Ordinaries edged up 3.40 points or 0.04 percent to 7,843.70.
In Hong Kong, the Hang Seng rose 25.47 points or 0.11 percent to close Thursday at 23,112.01.
China’s Shanghai Composite gained 22.19 points or 0.62 percent to 3,619.19.
In Japan, the Nikkei 225 went against the trend, shedding 115.17 points or 0.40 percent to 28,791.11.