Business

S&P 500 pulls back from its latest record high

By The Associated Press
Published June 19, 2014 3:49pm ET
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S&P 500 pulls back from its latest record high
FILE - This Jan. 4, 2010 file photo shows an entrance to a Wall Street subway station in New York. European and some Asian stock markets rallied Thursday June 19, 2014 after the Fed signaled that U.S. interest rates would remain at record lows. (AP Photo/Mark Lennihan, File) | Mark Lennihan

Stocks are edging lower in midday trading, pulling the market back from its latest record high.

Rite Aid fell 3 percent after reporting a 55 percent plunge in its latest quarterly earnings. Higher drug costs lowered the company’s profits.

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