The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.77%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.60%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.16%.
US stock indexes relinquished early gains on Wednesday and finished moderately lower. Chip stocks gave up an early advance Wednesday and retreated, which weighed on the overall market. Also, weak demand for the Treasury’s $42 billion auction of 10-year T-notes on Wednesday pushed bond yields higher and sparked the selling of stocks.
