U.S. stocks and the price of gold fell, as momentum on Wall Street reverses.
The S&P 500 sank 0.5 percent Wednesday, though it’s still not far below the all-time high it set earlier this month. The Dow Jones Industrial Average dropped 0.7 percent, from its record set the day before, while the Nasdaq composite fell 0.9 percent.
Netflix helped drag the market lower after reporting a profit that fell short of forecasts. Beyond Meat added more wild swings to its meme-stock run, and the price of gold sank for a second straight day from its record. Stock indexes were mixed across Europe and Asia.
On Wednesday:
The S&P 500 fell 35.95 points, or 0.5 percent, to 6,699.40.
The Dow Jones Industrial Average fell 334.33 points, or 0.7 percent, to 46,590.41.
The Nasdaq composite fell 213.27 points, or 0.9 percent, to 22,740.40.
The Russell 2000 index of smaller companies fell 36.13 points, or 1.5 percent, to 2,451.55.
For the week:
The S&P 500 is up 35.39 points, or 0.5 percent.
The Dow is up 399.80 points, or 0.9 percent.
The Nasdaq is up 60.42 points, or 0.3 percent.
The Russell 2000 is down 0.62 points, or less than 0.1 percent.
For the year:
The S&P 500 is up 817.77 points, or 13.9 percent.
The Dow is up 4,046.19 points, or 9.5 percent.
The Nasdaq is up 3,429.60 points, or 17.8 percent.
The Russell 2000 is up 221.39 points, or 9.9 percent.
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