Media and retail losses pull stock indexes away from highs

NEW YORK (AP) — U.S. stock indexes retreated from their record highs Thursday as retailers and media companies declined and investors shrugged at quarterly reports from a few big banks.

Clothing companies and other retailers fell after women’s clothing company J. Jill slashed its third-quarter forecast. The company’s stock lost more than half its value.

AT&T had its worst one-day loss since 2008 a...