Stocks cut gains on Wednesday as investors weighed the latest U.S. coronavirus data and its impact on the economic recovery.

The Dow Jones Industrial Average traded just 13 points higher, or 0.1%, after jumping more than 200 points to start the session. The S&P 500 also gave back most of its initial gains and was up 0.2%. The Nasdaq Composite remained 0.8% highwer.

Names that would benefit from the economy reopening were under pressure. Delta and American Airlines fell 2% and 1.8%, respectively. United Airlines slid 2.6% after the company warned 36,000 employees about potential job cuts.  Southwest dropped more than 1%.

Advances in major tech stocks capped the downside move. Microsoft, Apple, and Alphabet were all higher. Amazon shares also gained 0.5%.

Source: CNBC