Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies.
The S&P 500 fell 0.7% Wednesday after shedding an early gain, and the tech-heavy Nasdaq fell 2%. The Dow ended just barely in the green, thanks in part to a big jump in Visa. Small-company stocks rose more than the rest of the market.
Google’s parent company slumped after its ad sales slowed dramatically. Microsoft also fell. Long-term Treasury yields continued to pull back from their multiyear highs. Steady gains in those yields have sent mortgage rates sharply higher this year.
On Wednesday:
The S&P 500 fell 28.51 points, or 0.7%, to 3,830.60.
The Dow Jones Industrial Average rose 2.37 points, or less than 0.1%, to 31,839.11.
The Nasdaq fell 228.12 points, or 2%, to 10,970.99.
The Russell 2000 index of smaller companies rose 8.18 points, or 0.5%, to 1,804.33.
For the year:
The S&P 500 is up 77.85 points, or 2.1%.
The Dow is up 756.55 points, or 2.4%.
The Nasdaq is up 111.28 points, or 1%.
The Russell 2000 is up 62.09 points, or 3.6%.
For the year:
The S&P 500 is down 935.58 points, or 19.6%.
The Dow is down 4,499.19 points, or 12.4%.
The Nasdaq is down 4,673.98 points, or 29.9%.
The Russell 2000 is down 440.98 points, or 19.6%.
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