U.S. stocks closed lower Wednesday, weighed down by Apple, Microsoft and other technology companies. Apple and Microsoft delivered disappointing quarterly results or outlooks the night before, setting the stage for the sell-off in the technology sector.
For the day:
The Dow Jones industrial average lost 68.25 points, or 0.4 per cent, to 17,851.04.
The Standard & Poor’s 500 index fell 5.06 points, or 0.2 per cent, to 2,114.15.
The Nasdaq composite shed 36.35 points, or 0.7 per cent, to 5,171.77.
For the week:
The Dow is down 235.41 points, or 1.3 per cent.
The S&P 500 index is down 12.49 points, or 0.6 per cent.
The Nasdaq is down 38.38 points, or 0.7 per cent.
For the year:
The Dow is up 27.97 points, or 0.2 per cent.
The S&P 500 index is up 55.25 points, or 2.7 per cent.
The Nasdaq is up 435.71 points, or 9.2 per cent.