Technology stocks fell the most in a week in another session of losses for Wall Street’s main indexes.
The tech-heavy Nasdaq Composite closed 0.5% lower on Wednesday, its biggest daily decline since Feb. 20. The S&P 500 index fell 0.2%.
The Nasdaq closed at a record high on Feb. 22, while the benchmark S&P 500 peaked the following day.
Investors will now turn their attention to the release of Thursday’s personal consumption expenditure report for signs of the Federal Reserve’s future path on interest rates.
The two-year Treasury yield, which moves with interest rate expectations, fell 0.06 percentage point to 4.65%. Yields move inversely to prices.