The U.S. stock market slipped under the weight of sinking technology stocks.
The S&P 500 dipped 0.5 percent Wednesday, its fifth drop in the last six days. The Dow Jones Industrial Average added 0.5 percent, and the Nasdaq composite fell 1.5 percent.
Most stocks within the S&P 500 rose, but the index sank as Advanced Micro Devices and other influential tech stocks fell. AMD dropped even though the chip company reported a stronger profit for the latest quarter than analysts expected.
Gold and silver prices pared gains from earlier in the day, while Treasury yields held relatively steady.
On Wednesday:
The S&P 500 fell 35.09 points, or 0.5 percent, to 6,882.72.
The Dow Jones Industrial Average rose 260.31 points, or 0.5 percent, to 49,501.30.
The Nasdaq composite fell 350.61 points, or 1.5 percent, to 22,904.58.
The Russell 2000 index of smaller companies fell 23.95 points, or 0.9 percent, to 2,624.55.
For the week:
The S&P 500 is down 56.31 points, or 0.8 percent.
The Dow is up 608.83 points, or 1.2 percent.
The Nasdaq is down 557.24 points, or 2.4 percent.
The Russell 2000 is up 10.80 points, or 0.4 percent.
For the year:
The S&P 500 is up 37.22 points, or 0.5 percent.
The Dow is up 1,438.01 points, or 3 percent.
The Nasdaq is down 337.41 points, or 1.5 percent.
The Russell 2000 is up 142.64 points, or 5.7 percent.
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