Losses for big technology stocks pulled major indexes lower on Wall Street.
The S&P 500 fell 0.4% Wednesday. The Dow Jones Industrial Average slipped 0.3% from its record high a day earlier, and the Nasdaq composite lost 0.6%.
Losses for Nvidia, Microsoft and Broadcom were the biggest weights on the market. Dell sank 12.2% after reporting revenue that fell shy of forecasts, and HP dropped 11.4% after giving a weaker-than-expected outlook. Treasury yields fell in the bond market. U.S. financial markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday.
On Wednesday:
The S&P 500 fell 22.89 points, or 0.4%, to 5,998.74.
The Dow Jones Industrial Average fell 138.25 points, or 0.3%, to 44,722.06.
The Nasdaq composite fell 115.10 points, or 0.6%, to 19,060.48.
The Russell 2000 index of smaller companies rose 1.88 points, or 0.1%, to 2,426.19.
For the week:
The S&P 500 is up 29.40 points, or 0.5%.
The Dow is up 425.55 points, or 1%.
The Nasdaq is up 56.83 points, or 0.3%.
The Russell 2000 is up 19.52 points, or 0.8%.
For the year:
The S&P 500 is up 1,228.91 points, or 25.8%.
The Dow is up 7,032.52 points, or 18.7%.
The Nasdaq is up 4,449.12 points, or 27%.
The Russell 2000 is up 399.12 points, or 19.7%.
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