NEW YORK — Technology stocks dropped, leaving Wall Street mixed Wednesday and sapping more momentum from its five-week rally. Weakness for high-growth stocks hit the Nasdaq composite in particular, and it dropped 165.09 points, or 1.2%, to 13,502.20. Still, roughly as many stocks rose as fell on Wall Street, and the Dow Jones Industrial Average dropped by a milder 102.35 points, or 0.3%, to 33,951.52. Fed Chair Jerome Powell said Wednesday that "the process of getting inflation back down to 2% has a long way to go." Several Big Tech stocks were among the heaviest weights on the market.

Source: Daily Sun June 21, 2023 23:52 UTC