S&P 500 slips from record close as Caterpillar and AT&T fall on earnings

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Stocks slipped from record levels on Wednesday, with the S&P 500 finishing down 0.22%. The Nasdaq hit an intraday record before closing 0.23% down.

div > div.group > p:first-child"> The Nasdaq Composite ended the day down 0.2% at 8,102.01 after hitting an intraday record. The S&P 500 also dipped 0.2% to 2,927.25 as the energy and communication sectors underperformed. The Dow Jones Industrial Average closed 59.34 points lower at 26,597.05.

Domino's Pizza, meanwhile, rose 4.9% on stronger-than-forecast quarterly results. Shares of eBay also gained 5% on earnings that topped expectations. Technology led the comeback, rising more than 36% since Christmas Eve. Xerox is the best-performing stock in the sector since then, rising about 80%. Facebook and Microsoft are among the companies set to report later on Wednesday, while Amazon is scheduled to release its results on Thursday.

 

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