The US stock markets fell on Wednesday as investors weighed a continuation of strong earnings reports from big retailers amid lingering inflation concerns.
The S&P 500 declined from a rising streak and now sitting below the level that it hit a week and a half ago. The Dow Jones Industrial Average and Nasdaq also fell.
Gains for some heavyweight stocks helped soften the losses. The bond market was relatively calm following turbulent trading recently amid worries about high inflation.
The S&P 500 fell 12.23 points, or 0.3%, to 4,688.67.
The Dow Jones Industrial Average fell 211.17 points, or 0.6%, to 35,931.05.
The Nasdaq fell 52.28 points, or 0.3%, to 15,921.57.
The Russell 2000 index of smaller companies fell 28.02 points, or 1.2%, to 2,377.01.
For the week:
The S&P 500 is up 5.82 points, or 0.1%.
The Dow is down 169.26 points, or 0.5%.
The Nasdaq is up 60.61 points, or 0.4%.
The Russell 2000 is down 34.77 points, or 1.4%.
For the year:
The S&P 500 is up 932.60 points, or 24.8%.
The Dow is up 5,324.57 points, or 17.4%.
The Nasdaq is up 3,033.29 points, or 23.5%.
The Russell 2000 is up 402.15 points, or 20.4%.
-With agency inputs
First Published: IST