Wall Street's main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow Jones index to its fastest ever 1,000 point gain.
Merck and Pfizer weighed the most on the S&P healthcare sector, which fell 0.45 per cent.
Oil's drop below $69 a barrel on a reported rise in US fuel stocks shaved 0.66 per cent off the S&P energy index. Investors are keeping a close eye on corporate earnings reports, given the runup in stock valuations.
Morgan Stanley wrapped up.....