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US stocks end mixed, weighed down by more losses for tech giants

Wall Street ended Wednesday with mixed results as losses from tech heavyweights, including Microsoft, weighed on performance. The S&P 500 declined 0.1% despite broad gains across most of its components. Other reports indicate a rebound in some indices following a tech rout and falling oil prices.

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What changed

New data specifies the S&P 500 loss and identifies Microsoft as a key decliner.

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  1. US Stocks Close Mixed as Tech Giants Drag Market

    Wall Street ended Wednesday with mixed results as losses from tech heavyweights, including Microsoft, weighed on performance. The S&P 500 declined 0.1% despite broad gains across most of its components. Other reports indicate a rebound in some indices following a tech rout and falling oil prices.

    What's confirmed:

    • The S&P 500 fell 0.1% on Wednesday.
    • Losses for tech giants including Microsoft weighed on the market.
    • The S&P 500 fell 7.24 points to 7,358.22.
    • Most stocks in the S&P 500 gained ground despite the index falling.

    Still unconfirmed:

    • The tech stock selloff could be a blip.
    • The stock market outlook depends on whether AI earnings growth can offset inflation, Fed rate risks, oil uncertainty and elevated valuations.
    confidence 90%