(CNBC) -- The Dow Jones Industrial Average and S&P 500 fell for the first time in four sessions on Wednesday as stocks that would benefit the most from an economic reopening struggled throughout the day.
The 30-stock Dow closed 170.37 points lower, or 0.7%, at 26,119.61. The S&P 500 dipped 0.4% to 3,113.49. Both the Dow and S&P 500 swung between gains and losses throughout the session. The tech-heavy Nasdaq Composite outperformed, rising 0.15% to 9,910.53.
Airlines, cruise operators and retail — all groups that would benefit from the economy reopening — were under pressure on Wednesday. United and Delta fell more than 1.8% each while American Airlines dropped 0.3%. Carnival, Norwegian Cruise Line and Royal Caribbean all slid more than 6%. Nordstrom fell 5.5% and Gap lost 5.4%. Those stocks initially took a beating after the coronavirus pandemic began. In recent weeks, though, they have led the broader market higher.
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