Sinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss.
The index dipped 0.6% Wednesday for its longest losing streak since early January. The Dow Jones Industrial Average edged down by 0.1%, and the Nasdaq composite fell 1.1%. Tech stocks slumped after ASML, a Dutch company that’s a major supplier to the semiconductor industry, reported weaker orders than analysts expected. That helped overshadow stronger quarterly profit reports than expected from United Airlines and other big companies. Treasury yields fell following a sharp tumble in oil prices.
On Wednesday:
The S&P 500 fell 29.20 points, or 0.6%, to 5,022.21.
The Dow Jones Industrial Average fell 45.66 points, or 0.1%, to 37,753.31.
The Nasdaq composite fell 181.88 points, or 1.1%, to 15,683.37.
The Russell 2000 index of smaller companies fell 19.53 points, or 1%, to 1,947.95.
Sophie Morgan suddenly quits ITV show Loose Women as she reveals plans for emigration
ACWF Stresses Women's Federations' Role in Supporting Women Talents in Science and Technology
ACWF President Stresses Greater Efforts in Lifting All Impoverished Women out of Poverty
ACWF President Stresses People
DR MARTIN SCURR: How losing your hearing may cause dementia
ACWF President Underlines People
China to launch law popularization campaign aimed at rural women
Online Campaign Launched to Salute Women in COVID
ACWF President Stresses People
Macron is making a surprise trip to New Caledonia amid deadly unrest and indigenous frustration
China Initiates Campaign to Honor Role Models in Enhancing River, Lake Protection