A steep slide in traditional safe-play stocks such as phone companies and utilities weighed on Wall Street Thursday, snapping a three-day winning streak for the market.

The broad decline came as investors pored over company earnings for clues about the health of corporate America and the trajectory of the U.S. economy. Oil prices also fell, extending losses for the battered energy sector.

advertisement | advertise on newsday

“Today might be a little bit of profit-taking after such a big run here,” said Jeff Kravetz, regional investment strategist at U.S. Bank’s Private Client Reserve. “We did have a few companies that reported weaker-than-expected earnings.”

The Dow Jones industrial average fell 113.75 points, or 0.6 percent, to 17,982.52. The Standard & Poor’s 500 index shed 10.92 points, or 0.5 percent, to 2,091.48. The Nasdaq composite index lost 2.24 points, or 0.1 percent, to 4,945.89.

Many more companies are due to post their quarterly results in coming weeks. So far, though, traders have been quick to make moves on stocks, depending on whether the companies lived up to the market’s expectations.

An electronic stock indicator of a securities firm in Tokyo on Thursday, April 21, 2016. Asian stocks rallied Thursday, lifted by a rise in U.S. stocks following an uptick in oil prices. Photo Credit: AP / Shizuo Kambayashi

“We’re still seeing a lot of companies struggling to meet that top line of revenue, and that’s the bigger story,” said JJ Kinahan, TD Ameritrade’s chief strategist.

advertisement | advertise on newsday

Benchmark U.S. crude oil fell $1, or 2.3 percent, to close at $43.18 a barrel in New York.