Stocks fell on Wall Street, continuing a weak stretch on this holiday-shortened week.
The S&P 500 fell 0.7% Wednesday. The Dow fell 198 points, or 0.6%, and the Nasdaq $NDAQ composite gave back 1.1%. Declines in several big technology stocks, including Apple $AAPL, weighed on the market.
Treasury yields rose following data showing the U.S. services sector remains strong. Roku $ROKU rose after saying it would cut 10% of its staff. The company also raised its forecast for quarterly revenue.
On Wednesday:
The S&P 500 fell 31.35 points, or 0.7%, to 4,465.48.
The Dow Jones Industrial Average fell 198.78 points, or 0.6%, to 34,443.19.
The Nasdaq composite fell 148.48 points, or 1.1%, to 13,872.47.
The Russell 2000 index of smaller companies fell 6.17 points, or 0.3%, to 1,874.28.
For the week:
The S&P 500 is down 50.29 points, or 1.1%.
The Dow is down 394.52 points, or 1.1%.
The Nasdaq is down 159.34 points, or 1.1%.
The Russell 2000 is down 46.54 points, or 2.4%.
For the year:
The S&P 500 is up 625.98 points, or 16.3%.
The Dow is up 1,295.94 points, or 3.9%.
The Nasdaq is up 3,405.99 points, or 32.5%.
The Russell 2000 is up 113.04 points, or 6.4%.