Skip to Content
AP National Business

Stocks wobble on Wall Street, easing back from record highs

<i></i><br/>
KMIZ

By
Published 8:49 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks wobbled in afternoon trading on Wall Street Wednesday, a day after the S&P 500 and the Dow Jones Industrial Average set their latest record highs. Several big technology companies were posting solid gains, led by Microsoft, which reported a 24% surge in profits last quarter as its cloud computing business bounded ahead. The S&P 500 was down 0.2% after shedding an early gain and the Dow Jones Industrial Average fell 0.5%. The Nasdaq rose 0.3%. Encouraging earnings helped lift several companies, including McDonald’s. The yield on the 10-year Treasury fell to 1.53% and weighed down bank stocks. U.S. crude oil prices fell.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content