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Stock market today: Wall Street loses ground as weak stretch continues

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NEW YORK — Stocks fell on Wall Street, continuing a weak stretch on this holiday-shortened week. The S&P 500 fell 0.7% Wednesday. The Dow fell 198 points, or 0.6%, and the Nasdaq composite gave back 1.1%.

NEW YORK — Stocks fell on Wall Street, continuing a weak stretch on this holiday-shortened week. The S&P 500 fell 0.7% Wednesday. The Dow fell 198 points, or 0.6%, and the Nasdaq composite gave back 1.1%. Declines in several big technology stocks, including Apple, weighed on the market. Treasury yields rose following data showing the U.S. services sector remains strong. The yield on the 10-year Treasury note rose to 4.30%. Roku rose after saying it would cut 10% of its staff.

Investors face a relatively quiet week as they come off the Labor Day holiday in the U.S. and a busy August. “That suggests there is still a tremendous amount of demand for the services sector,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management.

 

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