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Wall Street’s rally stalled after stocks climbed back within 2%
of their all-time high.
The S&P 500 slipped 0.3% Wednesday, marking its first drop in
four days. The Dow Jones Industrial Average ended little
changed, and the Nasdaq composite lost 0.5%.
The action was stronger in the bond market, where Treasury
yields eased after a report showed inflation ticked up by less
last month than economists expected. That raised expectations
for the Federal Reserve to cut interest rates later this year.
Markets didn’t react much to the conclusion of two days of trade
talks between the U.S. and China.
On Wednesday:
The S&P 500 fell 16.57 points, or 0.3%, to 6,022.24.
The Dow Jones Industrial Average fell 1.10 points, or less than
0.1%, to 42,865.77.
The Nasdaq composite fell 99.11 points, or 0.5%, to 19,615.88.
The Russell 2000 index of smaller companies fell 8.17 points, or
0.4%, to 2,148.23.
For the week:
The S&P 500 is up 21.88 points, or 0.4%.
The Dow is up 102.90 points, or 0.2%.
The Nasdaq is up 85.92 points, or 0.4%.
The Russell 2000 is up 15.99 points, or 0.7%.
For the year:
The S&P 500 is up 140.61 points, or 2.4%.
The Dow is up 321.55 points, or 0.8%.
The Nasdaq is up 305.08 points, or 1.6%.
The Russell 2000 is down 81.92 points, or 3.7%.
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