Markets mixed as some see turn in cycle

Markets were mixed on Thursday.

The S&P 500 fell 0.6 percent, the STOXX Europe 600 was flat and the Nikkei 225 rose 0.2 percent.

While earnings have propped up markets recently, some investors are beginning to anticipate a turn in the business cycle.

“There’s a growing fear that the good news we’ve seen over the past years is coming to an end, that we’re closer to a meaningful downturn in the economy than we had previously been expecting,” said Peter Kenny, senior market strategist at Global Markets Advisory Group.