Summary: The Nasdaq pulled back from a run that saw record closes for five consecutive trading days. Tech names including Microsoft and Intel were the biggest drag, while biotech stocks remained under pressure for their second day in a row. KB Home beat profit and sales estimates over its fourth quarter. Revenue jumped 21%, while its backlog increased 11%. Boeing fell after RBC Capital rated its stock as underperform. The firm pointed to eroding profit margins in its commercial airplane units and potential protectionist policies from a Trump administration that could prove a headwind to the industry. Fiat Chrysler slumped as the EPA lobbed accusations against the automaker of using software that spewed excess diesel emissions. The software reportedly affected 100,000 vehicles.
