By Chibuike Oguh
NEW YORK, June 24 (Reuters) - Stocks fell on Wednesday, erasing early Wall Street gains and leaving European shares little changed, as valuation worries continued to weigh on sentiment, while the dollar climbed to a one-year high.
On Wall Street, the benchmark S&P 500 and the Nasdaq ended lower while the Dow gained. Consumer discretionary, industrials and utilities stocks drove gains. Energy stocks were the biggest losers as the continued flow of crude oil through the Strait of Hormuz pushed prices toward four-month lows.
Technology stocks reversed early gains and continued their descent following a selloff on Tuesday. Sentiment has been fragile as investors priced in at least one rate hike from the Federal Reserve this year.
The Dow Jones Industrial Average rose 0.35%, the S&P 500 fell 0.1%, and the Nasdaq Composite fell 0.43%.
NEW YORK, June 24 (Reuters) - Stocks fell on Wednesday, erasing early Wall Street gains and leaving European shares little changed, as valuation worries continued to weigh on sentiment, while the dollar climbed to a one-year high.
On Wall Street, the benchmark S&P 500 and the Nasdaq ended lower while the Dow gained. Consumer discretionary, industrials and utilities stocks drove gains. Energy stocks were the biggest losers as the continued flow of crude oil through the Strait of Hormuz pushed prices toward four-month lows.
Technology stocks reversed early gains and continued their descent following a selloff on Tuesday. Sentiment has been fragile as investors priced in at least one rate hike from the Federal Reserve this year.
The Dow Jones Industrial Average rose 0.35%, the S&P 500 fell 0.1%, and the Nasdaq Composite fell 0.43%.
4 months ago
