Wall Street’s rally stalled after stocks climbed back within 2 percent of their all-time high.
The S&P 500 slipped 0.3 percent Wednesday, marking its first drop in four days. The Dow Jones Industrial Average ended little changed, and the Nasdaq composite lost 0.5 percent.
The action was stronger in the bond market, where Treasury yields eased after a report showed inflation ticked up by less last month than economists expected. That raised expectations for the Federal Reserve to cut interest rates later this year. Markets didn’t react much to the conclusion of two days of trade talks between the United States and China.
On Wednesday:
The S&P 500 fell 16.57 points, or 0.3 percent, to 6,022.24.
The Dow Jones Industrial Average fell 1.10 points, or less than 0.1 percent, to 42,865.77.
The Nasdaq composite fell 99.11 points, or 0.5 percent, to 19,615.88.
The Russell 2000 index of smaller companies fell 8.17 points, or 0.4 percent, to 2,148.23.
For the week:
The S&P 500 is up 21.88 points, or 0.4 percent.
The Dow is up 102.90 points, or 0.2 percent.
The Nasdaq is up 85.92 points, or 0.4 percent.
The Russell 2000 is up 15.99 points, or 0.7 percent.
For the year:
The S&P 500 is up 140.61 points, or 2.4 percent.
The Dow is up 321.55 points, or 0.8 percent.
The Nasdaq is up 305.08 points, or 1.6 percent.
The Russell 2000 is down 81.92 points, or 3.7 percent.
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