Broad-based declines send US stock indexes lower

The S&P 500 slipped 0.2%, the Nasdaq 100 fell 0.3%, and the Russell 2000 tumbled 1.3% on Thursday.

It was another negative day for the S&P 500’s advance-decline line, with the number of constituents that fell outnumbering those that rose by 128.

Healthcare, industrials, and materials S&P sector ETFs all fell more than 1%; consumer discretionary was atop the sector leaderboard.

The Magnificent 7 — well, Tesla and Microsoft, in particular — helped keep the market from a worse fate. Both semiconductor and software stocks declined, with the VanEck Semiconductor ETF off 1.7% and the iShares Expanded Tech-Software ETF down 1.2%.

Brown-Forman, the maker of Jack Daniels, was the best-performing S&P 500 constituent, up double digits after posting better-than-expected profits.

GameStop and other meme stocks like AMC spiked after a somewhat juvenile and cryptic tweet from Keith Gill.

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