A slump in technology shares on Wednesday helped turn early gains in U.S. stocks into losses across a number of industries. Seven of the 10 sectors in the Standard and Poor’s 500 index fell. Suppliers of raw materials, the focus of aggressive selling in recent days, rose 3.1 per cent.
The Dow Jones industrial average lost 75.70 points, or 0.4 per cent, to 17,492.30.
The S&P 500 gave up 15.97 points, or 0.8 per cent, to 2,047.62.
The Nasdaq composite dropped 75.38 points, or 1.5 per cent, to 5,022.87.
For the week:
The Dow fell 355.33 points, or 2 per cent.
The S&P 500 fell 44.07 points, or 2.1 per cent.
The Nasdaq dropped 119.40 points, or 2.3 per cent.
For the year:
The Dow is down 330.77 points, or 1.9 per cent.
The S&P is down 11.28 points, or 0.6 per cent.
The Nasdaq is up 286.81 points, or 6.1 per cent.