Stocks fell for a second day on Wednesday as Wall Street took a pause following a strong rally to kick off June.

The Dow Jones Industrial Average dipped 41 points while the S&P 500 traded 0.2% lower. The Nasdaq Composite lagged, sliding more than 0.4%.

Chipmakers contributed to the decline. The VanEck Vectors Semiconductor ETF (SMH) dropped 1.9% as Lam Research lost 5%. Applied Materials, KLA-Tencor and Teradyne also fell. Semiconductor stocks were pressured after an Evercore ISI analyst said a recovery in the space will likely be pushed back to the second half of 2020.

Source: CNBC