Stocks closed lower on Wall Street Wednesday as investors worry that the U.S. and China may not reach a trade deal this year.
Technology stocks took the heaviest losses. Communication services and industrial stocks also were big losers. Banks fell as bond yields declined. Energy stocks notched the biggest gain as crude oil prices rebounded.
The S&P 500 index dropped 11.72 points, or 0.4%, to 3,108.46.
The Dow Jones Industrial Average lost 112.93 points, or 0.4%, to 27,821.09.
The Nasdaq slid 43.93, or 0.5%, to 8,526.73.
The Russell 2000 index of smaller company stocks gave up 6.68 points, or 0.4%, to 1,591.61.
For the week:
The S&P 500 is down 12 points, or 0.4%.
The Dow is down 183.80 points, or 0.7%.
The Nasdaq is down 14.10 points, or 0.2%
The Russell 2000 is down 4.85 points, or 0.3%.
For the year:
The S&P 500 is up 601.61 points, or 24%.
The Dow is up 4,493.63 points, or 19.3%.
The Nasdaq is up 1,891.46 points, or 28.5%.
The Russell 2000 is up 243.05 points, or 18%.