Stock market fails to extend climb to records as energy-sector retreat weighs

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S&P 500, Nasdaq snap winning streak as Caterpillar falls

The S&P 500 and the Nasdaq Composite indexes on Wednesday failed to extend their climb into record territory as a pullback in the mostly buoyant energy sector weighed on the broader market. The S&P 500 index SPX, -0.22% closed off 0.2% at 2.927, with the energy sector XLE, -1.75% down 1.9%, delivering the biggest headwind for the benchmark, while the Nasdaq COMP, -0.23% slipped 0.2% to 8,102, a day after the equity market pair produced their first records in months.

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