(CNBC) U.S. equities closed mostly lower Thursday, taking a breather after posting records closes for five straight days, while energy dropped 1 percent.
“It’s certainly a market that has confidence. The problem with that is, when confidence gets that high, it’s harder to push the market considerably higher,” said Bruce McCain, chief investment strategist at Key Private Bank.
The Dow Jones industrial average rose about 10 points, with Chevron contributing the most losses and 3M the most gains.
The S&P 500 dropped 0.1 percent, with energy leading decliners.