Wall Street gives up record high following weak results, Draghi

Wall Street fell from record highs on Thursday following a flurry of downbeat qu...

- Wall Street fell from record highs on Thursday following a flurry of downbeat quarterly results from Ford Motor and other companies and after European Central Bank chief Mario Draghi’s comments disappointed investors hoping for a more dovish stance on monetary policy.

“The ECB’s rosier outlook may be giving the market a bit of a chill,” said Chuck Carlson, chief executive of Horizon Investment Services in Hammond, Indiana. The S&P 500 information technology index .SPLRCT fell 0.8%, with the Philadelphia Semiconductor Index .SOX falling 1.7% from record highs.

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