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Wall Street ended lower on more declines in technology stocks,
but the market pared its losses in the afternoon.
The S&P 500 slipped 0.2% Wednesday after trimming a loss that
reached 1.1% earlier in the day. The Dow Jones Industrial
Average edged up less than 0.1%, and the Nasdaq composite fell
0.7%.
The day’s action again centered around stocks caught up in the
mania around artificial-intelligence technology. These stocks
are facing criticism that their prices shot too high, too fast
and became too expensive. Several big U.S. retailers including
Target turned in mixed financial results.
On Wednesday:
The S&P 500 fell 15.59 points, or 0.2%, to 6,395.78.
The Dow Jones Industrial Average rose 16.04 points, or less than
0.1%, to 44,938.31.
The Nasdaq composite fell 142.10 points, or 0.7%, to 21,172.86.
The Russell 2000 index of smaller companies fell 7.25 points, or
0.3%, to 2,269.35.
For the week:
The S&P 500 is down 54.02 points, or 0.8%.
The Dow is down 7.81 points, or less than 0.1%.
The Nasdaq is down 450.12 points, or 2.1%.
The Russell 2000 is down 17.17 points, or 0.8%.
For the year:
The S&P 500 is up 514.15 points, or 8.7%.
The Dow is up 2,394.09 points, or 5.6%.
The Nasdaq is up 1,862.06 points, or 9.6%.
The Russell 2000 is up 39.19 points, or 1.8%.
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