US Stock Rally Hits Wall as Tech Shares Weigh on Indexes
The New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks hit resistance, erasing earlier gains that had propelled indexes to fresh records as a retreat in tech shares dragged benchmarks down.
The S&P 500 was little changed after five straight days of advances, and the Nasdaq 100 Index fell 0.4%. The Dow Jones Industrial Average rose 0.5%, while the Russell 2000 Index gained rose 0.5%. The Cboe VIX Index hovered near 16.6.