US stocks fell on Wednesday, struggling to mount a comeback as investors' interest rate worries coincided with a fresh slate of corporate earnings. After all three major indexes started the day in the green, the S&P 500 ended down about 0.6%. The Dow Jones Industrial Average lost a more modest 0.1%. Meanwhile, the tech-heavy Nasdaq Composite led the losses, falling over 1%. Big Tech drove the market action, with Nvidia falling almost 4% and Meta sliding over 1%.
the largest supplier of equipment to chipmakers worldwide, missed order estimates, though its sales to China held up amid US curbs.
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