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.
Alabama lawmakers reject bill to require release of police body camera video
DPP authorities tell lies, conceal truth about fatal boat incident: Taiwan Affairs Office
Xi urges young officials to take on historical task on new journey
DPP authorities tell lies, conceal truth about fatal boat incident: Taiwan Affairs Office
Gisele Bundchen shows off her figure in a tied
NPC aims to further enhance the legal system
Foreign Minister Wang Yi briefs the media: Highlights
More outbound flights expected for Spring Festival
New Mexico special legislative session to focus on public safety initiatives
Poland hit by protests over cheap Ukrainian imports
Lawyers for Larry Nassar assault survivors reach $100M deal with DOJ, source says
Nation's voice highly anticipated at Davos