Market Recap | Stocks Close Lower After Two-Day Rally
U.S. stock indexes fell on Wednesday after giving up late-session gains.
The $S&P 500 index(.SPX.US)$ fell 7.65 points, or 0.2%, to 3783.28, the tech-focused $Nasdaq Composite Index(.IXIC.US)$ lost around 27.77 points, or 0.2%, to 11148.64 and the $Dow Jones Industrial Average(.DJI.US)$ declined 42.45 points, or 0.1%, to 30273.87. All indexes snapped a two-day long winning streak.
Wednesday's decline continues a weekslong selloff in stocks. The market has experienced volatility as the Federal Reserve increased interest rates this year in an effort to tame elevated inflation.
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