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AP National Business

Stocks end lower on Wall Street, easing back from records

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Published 3:07 PM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks faded in the last hour of trading and ended mostly lower Wednesday, a day after the S&P 500 and the Dow Jones Industrial Average set their latest record highs. Several big technology companies posted 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 gave up 0.5% after shedding an early gain and the Dow Jones Industrial Average lost 0.7%. The Nasdaq ended little changed. Encouraging earnings helped lift several companies, including McDonald’s. The yield on the 10-year Treasury fell to 1.53%. Oil prices fell.

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