Stocks turn mixed on Wall Street a day after big sell-off
Stock indexes on Wall Street ended a choppy day of trading with a mixed finish Tuesday, after an afternoon rally in technology companies helped reverse an early slide.
Big technology stocks, which have been swinging sharply both up and down recently, helped counter losses elsewhere in the market. The S&P 500 rose 9.81 points to 4,001.05. The Dow slipped 84.96 points to 32,160.74. The Nasdaq advanced 114.42 points to 11,737.67.Big technology stocks accounted for much of the S&P 500’s turnaround. Apple rose 1.6% and Microsoft rose 1.9%.
Higher prices for raw materials, shipping and labor have been cutting into corporate financial results and forecasts. Companies have been raising prices on many things, including clothing and food, causing concerns that consumers will eventually cut spending, which would hurt economic growth.has only increased worries about inflation. The conflict pushed already high oil and natural gas prices even higher, while putting more pressure on costs for key food commodities such as wheat and corn. U.S.
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