S&P 500, Nasdaq end lower as market rally pauses

By Around the Web

(Image by Firmbee from Pixabay)
(Image by Firmbee from Pixabay)

(CNBC) — The S&P 500 and Nasdaq Composite closed lower Wednesday, with the broad market index fluctuating near its highest closing levels since August 2022.

The S&P 500 ticked down 0.38% to close at 4,267.52, and the Nasdaq Composite declined 1.29% to end at 13,104.89. The Dow Jones Industrial Average, the outlier among the major averages, added 91.74 points, or 0.27%, closing at 33,665.02.

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Energy was the best-performing S&P 500 sector, rising 2.6%. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and First Trust Natural Gas ETF (FCG) added more than 3% each.

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