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.
Is THIS Britain's most expensive pastry? Kensington bakery is selling super
Mideast countries disappointed by U.S. veto on Palestinian bid for full UN membership
Attractive female faces make men behave more honestly, study suggests
Kim Kardashian being booed by crowd at Tom Brady roast edited out of final Netflix cut
Damian Lillard sets Bucks' postseason mark with 35 points in opening half vs Pacers
REVEALED: Former Tory minister who leapt to Angela Rayner's defence... is working for Labour
North Korea has fired multiple missiles into the ocean, South Korea says
Another German politician is attacked as concerns rise over violence ahead of EU elections in June
Vibrant festival highlights cultural charm of various Chinese ethnic groups
The Rev. Al Sharpton calls for justice in eulogy for Ohio man who died last month in police custody
Iran's president holds talks with Pakistani premier after arrival in Islamabad for a 3