Market Snapshot: Dow fights to trade above 22,000 as stocks struggle after lackluster services report

The Dow industrials on Thursday gathered momentum deeper into record territory, but the broader market traded lower following a less-than-stellar round of economic data and a slump in the energy sector.

The Dow Jones Industrial Average DJIA, -0.04% traded up 16 points, or 0.1%, at 22,032, supported by gains in Pfizer Inc. PFE, +1.59% but pressured by a decline in Apple Inc. AAPL, -1.18% after a run-up in the iPhone maker’s stock on the heels of its well-received quarterly results.

Meanwhile, the S&P 500 index SPX, -0.30% declined 5 points, or 0.2%, to 2,472, weighed by 1.4% downdraft in the energy sector, topped by a 10% decline in Concho Resources Inc.

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