(CNBC) -- The S&P 500 fell from a record high on Wednesday as the momentum from a strong earnings season started to fade.
The Dow Jones Industrial Average dipped 266 points, falling for the first time in four days, dragged down by Visa. The S&P 500 traded down 0.5%, for its first down day in three. The tech-heavy Nasdaq Composite closed flat despite a jump in Microsoft and Alphabet shares.
Microsoft shares jumped 4.2% after the tech company reported earnings that exceeded analysts’ estimates and the fastest revenue growth since 2018. Google-parent Alphabet also popped 5% following a stronger-than-expected quarterly report.
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