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

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 fell more than 0.8% and the tech-heavy Nasdaq Composite slid 1.1%. The Dow Jones Industrial Average 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.

On the earnings side, numbers out of Disney reported early Wednesday showed the entertainment giant turned a profit in its streaming unit for the first time last quarter while the company also raised its full-year earnings forecast. Shares of Disney were down fell more than 4%, however, as investors digested concerns over Disney's park business. Late Tuesday, both Airbnb and Super Micro Computer reported results that disappointed, sending shares sharply lower.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Nasdaq leads declines as stocks flip to losses, comeback rally loses steamStocks slid on Wednesday as investors looked to build on Tuesday's trading session that snapped a 3-day losing streak.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Nasdaq leads stocks higher after Biden backs outInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks slip en route to sharp weekly losses for S&P 500, NasdaqStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Nasdaq sinks 3%, Dow cascades down as global sell-off intensifiesWall Street's sell-off was set to intensify in a major way Monday as concerns mounted over the health of the US economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »