U.S. stocks drifted lower, easing major indexes a bit further below the all-time highs they set at the beginning of the week.
The S&P 500 fell 0.3 percent Wednesday. The Dow Jones Industrial Average lost 0.4 percent, and the Nasdaq composite slipped 0.3 percent.
Micron Technology fell to give back some of its huge gain for the year even though it reported a better profit than expected. Homebuilders rose following a strong report on sales of new homes.
Stocks have rallied furiously in recent months since hitting a bottom in April.
On Wednesday:
The S&P 500 fell 18.95 points, or 0.3 percent, to 6,637.97.
The Dow Jones Industrial Average fell 171.50 points, or 0.4 percent, to 46,121.28.
The Nasdaq composite fell 75.62 points, or 0.3 percent, to 22,497.86.
The Russell 2000 index of smaller companies fell 22.53 points, or 0.9 percent, to 2,434.98.
For the week:
The S&P 500 is down 26.39 points, or 0.4 percent.
The Dow is down 193.99 points, less than 0.4 percent.
The Nasdaq is down 133.62 points, or 0.6 percent.
The Russell 2000 is down 13.79 points, or 0.6 percent.
For the year:
The S&P 500 is up 756.34 points, or 12.9 percent.
The Dow is up 3,577.06 points, or 8.4 percent.
The Nasdaq is up 3,187.06 points, or 16.5 percent.
The Russell 2000 is up 204.82 points, or 9.2 percent.
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