The stock market traded at session lows with about two hours left in regular trade Wednesday afternoon. There appeared to be no direct catalyst for the late-session pullback from intraday peaks but declines in the S&P 500 index’s energy sector, down by 1.1%, and a sharp slump in aeronautics and defense contractor Boeing Co. BA, -0.35% were among the factors offsetting some of the buying optimism that had helped to push shares up at the start of the day’s action. The Dow Jones Industrial Average DJIA, +0.13% was trading flat, lagging behind its equity market peers throughout the day, at 26,175. The Dow hit an intraday peak at 26,282.17. Boeing is a component of the Dow and was exerting a roughly 40-point drag on the price-weighted blue-chip index. The S&P 500 SPX, +0.36% meanwhile, was gaining 0.2% at 2,872, after hitting a session peak at 2,885.24, while the Nasdaq Composite Index COMP, +0.48% was up 0.6% at 7,892, after touching an intraday high at 7,938.26.
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