U.S. stocks traded slightly lower Wednesday as several sectors that contributed to last week's big rally pared back, though the declines were muted by a report of rising new home sales.
The Dow Jones Industrial Average was recently off about 14 points at 9525, on the heels of six straight days of gains. Within the index, decliners were led by industrials, such as 3M and General Electric, and financials, including JPMorgan Chase. Both sectors had been at the forefront of the Dow's recent winning streak.
The Nasdaq Composite Index was off 0.4%. The S&P was down 0.3%, hurt by a 1% decline in its industrial sector. Its materials sector was off 0.7%. (more)