Stock Market Today: Wall Street Drifts Lower as Markets Worldwide Pull Back

Stock Market Today: Wall Street Drifts Lower as Markets Worldwide Pull Back
The New York Stock Exchange in New York on June 29, 2022. Julia Nikhinson/AP Photo
The Associated Press
Updated:

NEW YORK—Wall Street edged lower Wednesday following a rally that had sent it roaring 16 percent higher for the year so far.

The S&P 500 fell 8.77 points, or 0.2 percent, to 4,446.82 to drift lower from its highest level since April 2022. The Dow Jones Industrial Average dropped 129.83, or 0.4 percent, to 34,288.64, and the Nasdaq composite lost 25.12, or 0.2 percent, to 13,791.65.