Markets News
Markets1 min read
US Stocks Slip After S&P 500 Sets a Record
The S&P 500 and Nasdaq fell 0.2%, while the Dow dropped 0.7% as global yields rose amid inflation and debt concerns.
Key takeaways
- The S&P 500 fell 0.2% after reaching a record the previous day.
- The Russell 2000 dropped 1.3%, the steepest decline among the four indexes listed.
U.S. stocks pulled back Wednesday, a day after the S&P 500 reached a record. The index fell 0.2%, while the Dow Jones Industrial Average lost 0.7% and the Nasdaq composite declined 0.2%.
The Russell 2000, which tracks smaller companies, fell 1.3%. Rising yields worldwide, amid high inflation, government debt and other concerns, weighed on investment prices, according to the Associated Press.
Despite Wednesday’s losses, the S&P 500 was up 1% for the week and 14% for the year. The Russell 2000 was down 1.4% for the week, but up 12.5% for the year.
Topics
S&P 500Dow Jones Industrial AverageNasdaq CompositeRussell 2000
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
