Stock indexes fell on Wednesday as investors favored safer assets, a day after the Standard & Poor’s 500 index climbed above 1,900 for the first time.
Bond prices rose, pushing the yield on the 10-year Treasury note to its lowest in more than six months, and investors turned their backs on stocks that would stand to benefit most in a reviving economy.
The Dow Jones industrial average dropped 101.47 points, or 0.6 percent, to 16,613.97.
The Standard & Poor’s 500 index fell 8.92 points, or 0.5 percent, to 1,888.53.
The Nasdaq composite fell 29.54 points, or 0.7 percent, to 4,100.63.
For the week:
The Dow Jones industrial average rose 30.63 points, or 0.2 percent.
The Standard & Poor’s 500 index rose 10.05 points, or 0.5 percent.
The Nasdaq composite rose 28.76 points, or 0.7 percent.
For the year:
The Dow is up 37.31 points, or 0.2 percent.
The S&P 500 index is up 40.17 points, or 2.2 percent.
The Nasdaq is down 75.96 points, or 1.8 percent.