Stocks are Little Changed as Wall Street Struggles to Recover from Sell-Off
U.S. stocks wavered on Wednesday as traders struggled to recover from a sharp tech-led decline in the previous session.
The Dow Jones Industrial Average hovered near the flatline. The S&P 500 shed less than 0.1%, while the Nasdaq Composite traded down about 0.1%. The three major averages are tracking for a second straight weekly loss.
Palantir, one of the biggest gainers in the S&P 500 last year rising more than 340%, was down for a third straight day, losing more than 3%. Chipmaker Advanced Micro Devices shed 4.5% after a downgrade by HSBC.
Data released Wednesday morning showed private sector job creation in December eased more than expected, while wages grew at the slowest pace since July 2021, according to payment processing firm ADP. Investors are awaiting minutes from the Fed’s December meeting, slated for release at 2 p.m. ET.
Source : CNBC
