US stocks gave up steam on Wednesday after Tuesday’s rebound that snapped a three-day losing streak for the major averages.
The benchmark S&P 500 (^GSPC) was down 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) slipped about 0.3%. The Dow Jones Industrial Average (^DJI) was off about 0.2%. All three of the major averages had been up more than 1% at some point during the session.
Global markets continued to recover after a 12% drop in Japan’s Nikkei (^N225) on Monday sent shockwaves worldwide. The Nikkei rose 2.5% on Wednesday. Stocks across most of Europe were also higher.
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