The Nasdaq closed lower while the S&P 500 was little changed on Wednesday as investors rotated out of technology shares and concerns about inflation added some pressure on stocks.
The Dow Jones Industrial Average rose, however, aided in part by gains in shares of Verizon Communications Inc and Chevron Corp, which gained after Warren Buffett’s Berkshire Hathaway Inc disclosed major investments in the companies on Tuesday.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.