Stock market news today: Stocks fade into the close, Nasdaq leads losses as market rebound loses steam

by Myles Udland and Josh Schafer, Yahoo Finance

US stocks slid on Wednesday, failing to extend Tuesday’s rebound that snapped a three-day losing streak for the major averages.

Losses accelerated into the close as the benchmark S&P 500 (^GSPC) fell more than 0.8% and the tech-heavy Nasdaq Composite (^IXIC) slid 1.1%. The Dow Jones Industrial Average (^DJI) was off about 0.6%, or nearly 250 points. All three of the major averages had been up more than 1% at some point during the session.

Chip stocks led the losses on Wednesday, with AI leader Nvidia (NVDA) falling more than 5%.

 

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