Summary: The S&P 500 and Dow Jones Industrial Average ended lower, retreating further from records set earlier in the week. A sharp selloff in crude stretched into day two and pulled the energy sector lower. Etsy Inc. increased after announcing plans to cut 140 jobs, or 15% of its workforce. The latest cuts are in addition to the 90 job cuts announced last month. The online crafts store anticipates severance costs of at least $6 million. The health care sector rose on high hopes for eased regulations in the industry. The Trump administration is reportedly drafting an executive order to ease regulatory burdens on drugmakers to drive down drug prices. Foot Locker Inc. tumbled after a Goldman Sachs note said that Nike Inc. is considering selling its products directly through Amazon.com Inc. . Nike rival Under Armour Inc. already has a relationship with Amazon.
