Stocks ease back from records
Banks and health care companies helped pull stocks on Wall Street mostly lower Wednesday, as the market eased back from its latest record highs.
The S&P 500 fell 0.5% after shedding a modest gain as the selling picked up in the last hour of trading. The Dow Jones Industrial Average dropped 0.7%. Both indexes had set all-time highs the day before.
The tech-heavy Nasdaq composite ended essentially flat after an early tech company rally lost steam. Treasury yields were mixed. Energy futures mostly fell.
Investors were focusing on a mixed batch of earnings from a variety of well-known companies, including Microsoft, General Motors and Coca-Cola.