Stocks fall as Wall Street heads for first loss in 5 days


Stocks are falling in Thursday afternoon trading on Wall Street as the market heads for its first loss in five days.

The S&P 500 was down 1%, as of 3:15 p.m. Eastern time, with losses accelerating late in the afternoon, after earlier being on track for its first five-day winning streak since December. The index is about 8.5% below its record set in February after being down nearly 34% in late March.

A report showed that the number of U.S. workers filing for unemployment benefits eased for a ninth straight week, roughly in line with the market's expectations. But economists saw pockets of disap...

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