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Nasdaq, S&P come down from highs, Dow wavers as stocks lose some steam

News Snapshot:

U.S. stocks on Thursday had come off their session highs, having lost some of their early momentum through the morning. The downdraft appears to have come around the same time as some hawkish commentary from Federal Reserve speakers. Markets had earlier opened higher as fears of financial contagion continued to recede and market participants made bets that the Fed was close to being done with rate hikes. The opening gains had been led by big technology names – which had been shunned for most of last year, with investors snapping them up along with other growth stocks. By afternoon, the…

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