NEW YORK -- Stocks pulled back today as investors locked in some gains from yesterday's rally, which lifted the Dow to its first record high since July. Dow off 73.12
The Dow Jones industrial average fell 73.12 points to 9,301.15, giving back a third of yesterday's 214-point gain.
But the selling remained rather restrained compared with the tremendous gains of recent sessions, a sign of the momentum behind the stock market's six-week rally.
The Standard & Poor's 500 index fell 5.22 to 1,182.99 and the Nasdaq composite index dropped 11.54 to 1,965.88.
The New York Stock Exchange index fell 2.56 to 579.69 and the American Stock Exchange composite index lost 5.17 to 666.83.
The Russell 2000 index of smaller companies slipped by 1.55 to 396.60.
The 30-year Treasury bond rose 19/32 to 100 20/32, with the yield falling to 5.21 percent.
Meanwhile, the federal government reported today that economic growth rebounded strongly over the summer despite overseas financial turmoil.
Consumers' shaken confidence also recovered this month.
The private Conference Board said its confidence index rose 6.7 points in November to 126, partly recouping a nearly 20-point loss over the previous four months.
The gross domestic product, the sum of all goods and services produced within U.S. borders, surged at a 3.9 percent seasonally adjusted annual rate in the July-September quarter, the Commerce Department said.
Japan's Nikkei stock average rose 2.6 percent, finishing above 15,000 for the first time since Aug. 25.