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US indexes close modestly lower a day after Nasdaq passed 5,000 for first time in 15 years

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NEW YORK — U.S. stock indexes are closing slightly lower, pulling the Nasdaq composite index back below 5,000.

The decline Tuesday came a day after the Nasdaq closed above that milestone for the first time since the dot-com era 15 years ago.

The Nasdaq declined 28 points, or 0.6 percent, to 4,979.

PHOTO: People walk past the Nasdaq Marketsite in New York's Times Square on Tuesday, March 3, 2015. The Nasdaq fell below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. (AP Photo/Seth Wenig)
People walk past the Nasdaq Marketsite in New York's Times Square on Tuesday, March 3, 2015. The Nasdaq fell below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. (AP Photo/Seth Wenig)

The Dow Jones industrial average fell 85 points, or 0.5 percent, to 18,203. The Standard & Poor's 500 index lost nine points, or 0.5 percent, to 2,107.

The Dow and S&P 500 closed at record highs the day before.

Energy stocks rose as the price of oil recovered. Utilities also rose, but the other eight S&P 500 sectors fell.

Ford lost 2.4 percent after reporting lower sales last month as dealers couldn't keep up with demand for the new F-150 pickup.

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