The continued threat of higher interest rates pushed US stocks lower in listless trading today, inflicting the steepest damage on highly priced technology stocks.
At the close of trading on Wall Street, the Dow Jones industrial average was down 47.80 points, or by 0.4 per cent, at 10,863.16, having surrendered a modest gain at midday. Broader stock indicators were lower as well.
The Standard and Poor's 500 fell 10.88 to 1,346.06, and the Nasdaq composite index fell 72.71 to 2,619.71.
NYSE volume totalled 611.18 million shares, against 628.94 million in the previous session.
The NYSE composite index fell 2.97 to 635.90, and the American Stock Exchange composite index fell 5.50 to 790.79. The Russell 2000 index of smaller companies fell 5.51 to 442.87.
