Stocks drifted lower on Wall Street on a down day for tech stocks.
The S&P 500 fell 0.2%. The Dow Jones Industrial Average slipped 0.1% Wednesday, and the Nasdaq composite sank 0.5% a day after nearing its record set in 2021.
The market regressed as Nvidia and other Big Tech stocks pulled back a bit from their dominating run. Treasury yields also eased in the bond market after a report said the U.S. economy likely grew a touch slower at the end of 2023 than earlier estimated. Bitcoin briefly topped $63,000 for the first time since 2021, helping to lift stocks of crypto-related companies.
On Wednesday:
The S&P 500 fell 8.42 points, or 0.2%, to 5,069.76.
The Dow Jones Industrial Average fell 23.39 points, or 0.1%, to 38,949.02.
The Nasdaq composite fell 87.56 points, or 0.5%, to 15,947.74.
The Russell 2000 index of smaller companies fell 15.80 points, or 0.8%, to 2,040.31.
For the week:
The S&P 500 is down 19.04 points, or 0.4%.
The Dow is down 182.51 points, or 0.5%.
The Nasdaq is down 49.08 points, or 0.3%.
The Russell 2000 is up 23.62 points, or 1.2%.
For the year:
The S&P 500 is up 299.93 points, or 6.3%.
The Dow is up 1,259.48 points, or 3.3%.
The Nasdaq is up 936.39 points, or 6.2%.
The Russell 2000 is up 13.23 points, or 0.7%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
