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Market Snapshot: Stock market loses ground, with tech and consumer staples leading the skid

U.S. stocks ended lower on Thursday, with consumer staples, real estate and technology shares leading the losses.

Investors continued to digest a mixed bag of corporate earnings. While results have largely come in ahead of expectations thus far, there have been some disappointments, and others haven’t produced the kind of blowout results seen necessary to continue pushing shares higher from elevated levels.

Stocks extended their decline as Treasurys sold off, pushing the yield on the 10-year note TMUBMUSD10Y, +0.42% toward a 2018 high. Stocks closed off the lows after a news report said that President Donald Trump was told that he isn’t a target of the probe being conducted by Special Counsel Robert Mueller into whether Trump’s campaign team colluded with Russia in the run-up to the 2016 presidential election.

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