Stocks were down slightly this morning after a rally on Wall Street that took the Nasdaq composite index to a record high, the Associated Press reports. The futures for the S&P 500 and the Dow Jones Industrial Average both edged down less than 0.1% today.
On Tuesday, the S&P 500 index rose 0.5% and the Dow Jones Industrial Average rose 0.3%. The Nasdaq composite, which is heavily influenced by technology stocks, jumped 0.8% to 16,511.18, its highest close ever. The tech sector has been a driving force for much of the broader market’s gains this year.
Bond yields edged lower. The yield on the 10-year Treasury slipped to 4.43% from 4.49% late Monday.
In other trading today, benchmark U.S. crude added 46 cents to $78.48 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, rose 38 cents to $82.76 per barrel.
The U.S. dollar slipped to 156.10 Japanese yen from 156.42 yen.
