Most U.S. stocks rose, but drops for some influential technology companies kept the market in check.
The S&P 500 slipped 0.2 percent Wednesday for its eighth loss in 11 days. The Dow Jones Industrial Average edged down less than 0.1 percent, and the Nasdaq composite fell 0.7 percent.
Stocks got some help from the bond market as Treasury yields pared their gains following a weaker-than-expected report on U.S. manufacturing. That could allow the Federal Reserve to hold off on aggressive increases to interest rates this year.
Some recent AI-related winners including Micron Technology fell, weighing on the market.
On Wednesday:
The S&P 500 fell 16.13 points, or 0.2 percent, to 7,483.23.
The Dow Jones Industrial Average fell 13.96 points, or less than 0.1 percent, to 52,305.24.
The Nasdaq composite fell 173.69 points, or 0.7 percent, to 26,040.03.
The Russell 2000 index of smaller companies fell 11.78 points, or 0.4 percent, to 3,012.59.
For the week:
The S&P 500 is up 129.21 points, or 1.8 percent.
The Dow is up 429.13 points, or 0.8 percent.
The Nasdaq is up 742.41 points, or 2.9 percent.
The Russell 2000 is up 2.50 points, or 0.1 percent.
For the year:
The S&P 500 is up 637.73 points, or 9.3 percent.
The Dow is up 4,241.95 points, or 8.8 percent.
The Nasdaq is up 2,798.04 points, or 12 percent.
The Russell 2000 is up 530.68 points, or 21.4 percent.
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