U.S. stocks remained under pressure on Wednesday, as investors grappled with a mixed bag of earnings reports and bond yields that have been steadily climbing for the past six sessions.
The Dow industrials were on track for a sixth consecutive drop, the longest losing stretch since March 2017.
The Dow Jones Industrial Average DJIA, -0.44% was off 125 points, or 0.5%, to 23,900, as a rally by Boeing Co. following better-than-expected earnings and an upbeat outlook wasn’t enough to lift the index into positive territory.
The S&P 500 was off by 10 points, or 0.4%, to 2,623, with nine of the 11 main sectors trading lower. Financials led the declines, down 0.9%.
The Nasdaq Composite Index slipped 20 points, or 0.3%, to 6,987.