Major market indexes closed lower on Wall Street Wednesday, led by weakness in technology companies.
The S&P 500 fell 0.8%, easing the benchmark index below the record high it set a day earlier. Investors have been balancing hopes for approvals and distribution of coronavirus vaccines against a near-term surge in cases and hospitalizations.
Investors are still closely watching Washington, where talks are continuing on providing more relief to American people and businesses impacted by the pandemic.
The S&P 500 fell 29.43 points, or 0.8%, to 3,672.82.
The Dow Jones Industrial Average fell 105.07 points, or 0.4%, to 30,068.81.
The Nasdaq fell 243.82 points, or 1.9%, to 12,338.95.
The Russell 2000 index of smaller companies fell 15.63 points, or 0.8%, to 1,902.15.
For the week:
The S&P 500 is down 26.30 points, or 0.7%.
The Dow is down 149.45 points, or 0.5%.
The Nasdaq is down 125.28 points, or 1%.
The Russell 2000 is up 9.70 points, or 0.5%.
For the year:
The S&P 500 is up 442.04 points, or 13.7%.
The Dow is up 1,530.37 points, or 5.4%.
The Nasdaq is up 3,366.35 points, or 37.5%.
The Russell 2000 is up 233.68 points, or 14%.