U.S. shares were mostly higher today after tumbling Big Tech stocks Tuesday dragged Wall Street to its worst day in three weeks, the Associated Press reports. Futures for the S&P 500 rose 0.3%, and futures for the Dow Jones Industrial Average were up 0.2%.
On Tuesday, the S&P 500 dropped 1% for its second straight loss after closing last week at an all-time high. The Dow Jones Industrial Average fell 1%, and the Nasdaq composite led the market lower with a 1.7% slide.
Apple’s decline of 2.8% was one of the heaviest weights on the market.
Bitcoin briefly rose above $69,000 Tuesday, surpassing its record set in 2021, before pulling back below $63,000.
Hopes for coming cuts to interest rates got a boost after a report showed growth for U.S. construction, health care, and other services industries slowed by more last month than economists expected.
In the bond market, the yield on the 10-year Treasury fell to 4.17% today from 4.22% on Tuesday.
In other trading, U.S. benchmark crude oil added 60 cents to $78.75 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, rose 60 cents to $82.64 per barrel.
The U.S. dollar slipped to 149.74 Japanese yen from 150.04 yen.
