Major U.S. stock indexes moved lower on Wednesday following Nasdaq's record high and the release of a fresh reading on the U.S. economy.
Early laggards included Monolithic Power (MPWR), Micron Technology (MU) and Sandisk (SNDK). Alphabet (GOOGL) was also among the biggest decliners within Big Tech.
According to the source, the Dow Jones Industrial Average was down more than 300 points by midday. Investor focus remains on both the performance of technology shares and new signals about the direction of the U.S. economy.
The available excerpt offers no further detail, but it indicates that the market was struggling to extend gains after Nasdaq's record-setting level.
