Wall Street down after worldwide slide; gold at record high
Stocks closed broadly lower for the second day in a row Friday as Wall Street gave back some of its gains from a mostly solid July rally.
The S&P 500 fell 0.6% and ended the week with its first weekly loss in four weeks. The pullback, which eased somewhat by afternoon, came as traders turned cautious amid increased tensions between the world’s two largest economies and a mixed batch of company earnings reports.
Technology and healthcare companies accounted for much of the selling, with chipmaker Intel posting the biggest drop in the S&P 500. Those losses outweighed gains by companies that rely on consumer spending, including Olive Garden owner Darden Restaurants, home builder PulteGroup and retailers Target and Best Buy. Stocks also…
