Stocks Pull Back After Economic Reports

After three days of gains, the major indexes retreat after a slew of stronger-than-expected economic data

Stocks finished modestly lower Thursday, following 3 days of gains, while bond prices fell on stronger than expected reports that suggest the economy has more life than many had thought and the Federal Reserve won't be able to cut rates anytime soon, says Standard & Poor's Equity Research. It was in erratic trading session characterized by moderate holiday volume and yearend portfolio adjusting, S&P says.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.