Cautious trading

It was close, but there were no records broken on Wall Street today. Stocks began the day sprinting higher. With both the Dow and the S&P 500 in all-time record high territory. Today’s driver: growth in the services sectors of the economy last month. But a spike in first time jobless claims last week and a jump in the nation’s trade deficit in February prompted a pullback, especially ahead of tomorrow’s March employment report. At the ends of a up-and-down day, the Dow ended just a fraction of a point lower. The Nasdaq was down 38 on a sell-off in biotech and technology stock. The S&P 500 was down two points from Wednesday’s record close.

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