Stocks wobble as major indexes hover around record highs

By DAMIAN J. TROISE
AP Business Writer

Stocks wobbled in afternoon trading on Wall Street Thursday, a day after the S&P 500 and the Dow Jones Industrials approached the record highs they set this summer. The S&P 500 fell 0.1%. Banks and energy companies fell and offset gains elsewhere. The Dow Jones Industrial Average fell 0.4% and the Nasdaq rose 0.3%. IBM slumped 8.3% after reporting quarterly revenue that fell shy of analysts’ forecasts. Among other companies reporting earnings, Tesla rose 3.4% after reporting record profits despite parts shortages and shipping delays. Crude oil prices fell about 2.2% and weighed down energy stocks.