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.
Russia, Germany, UK urge restraint as Iranian threat puts Middle East on edge
Woman dies after ambulance takes hour to respond to emergency call
Man charged in transport of Masters golf tournament memorabilia taken from Augusta National
‘Robust' US has helped improve global economic outlook, IMF chief says
VOX POPULI: Molds can make food colorful and tasty but they can also be lethal
Watercare signals possible 25% increase in water rates
Gossip Girl star Leighton Meester gets into character as she joins co
VOX POPULI: The special charm of Gaudi’s unfinished work: Sagrada Familia
Sudan's army chief urges for restoring membership in AU
China warns 'military fans' they could face prison for posting photos online