The MSCI's global stock index fell 0.52% to 679.13. The index touched a record intra-day high of 687.26 on Tuesday, before erasing gains to snap an 11-day winning streak. The Dow Jones Industrial Average fell 119.68 points, or 0.38%, to finish at 31,493.34, the S&P 500 lost 17.36 points, or 0.44%, to end at 3,913.97 and the Nasdaq Composite dropped 100.14 points, or 0.72%, to close at 13,865.36. European stocks fell after a clutch of disappointing earnings reports from companies including Airbus and Orange. The pan-European STOXX 600 index closed down 0.82%.
NEW YORK: A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.
Investors took profits on technology shares and other segments that have risen sharply.
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