NEW YORK -- Stocks sank sharply today in a wave of profit-taking, with technology shares suffering the heaviest damage after leading this week's record-setting advance. Dow falls 33.39
The Dow Jones industrial average fell 33.39 points to close at 9,143.33 after surrendering a 32-point gain that would have topped yesterday's record close of 9,184.94.
Decliners led advancers by a 5-to-2 margin on the New York Stock Exchange, with 837 up, 2,159 down and 510 unchanged. NYSE volume totaled 651.97 million shares vs. 695.41 million yesterday.
Broader indexes, some of which had set new highs every day this week, posted sharper losses than the Dow, which was bolstered by better-than-expected profit reports from Walt Disney Co. and Procter & Gamble Co.
The Nasdaq composite index fell 36.21, or 1.9 percent, to 1,881.40, and the Standard & Poor's 500 list fell 10.42 to 1,119.58, ending a four-session streak of record highs for both measures.
The NYSE composite index fell 5.07 to 580.55, and the American Stock Exchange composite index dropped 5.62 to 748.05 after setting new highs yesterday. The Russell 2000 index of smaller companies fell 6.19 to end at 484.95.
The price of the Treasury's main 30-year bond was down 11/32 point, or $3.44 per $1,000 in face value, by late afternoon, while its yield rose to 6 percent from 5.95 percent late yesterday.
Microsoft led the Nasdaq retreat after rallying in advance of late yesterday's profit report, which exceeded forecasts, but warned of slower revenue growth. At the close, Microsoft was at $94.19, off $4.56 from yesterday.