Stock market news today: Stocks flip to losses as comeback rally loses steam

US stocks gave up steam on Wednesday after Tuesday's rebound that snapped a three-day losing streak for the major averages. The benchmark S&P 500 was down 0.4%, while the tech-heavy Nasdaq Composite slipped about 0.7%. The Dow Jones Industrial Average was off about 0.5%, or about 200 points. All three of the major averages had been up more than 1% at some point during the session.

The earnings and economic calendar remains relatively sparse, with the weekly report on mortgage applications Wednesday morning serving as the most notable piece of economic news. 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.

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Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
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Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
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Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
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Stock market news today: US stock futures rise as markets look to continue reboundStock futures were pointing to gains on Wednesday as investors looked to build on Tuesday's trading session that snapped a 3-day losing streak.
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