Both the Dow Jones Industrial Average and the S&P 500 notched midweek dips on Wednesday as Wall Street pared some of the gains it saw in the prior session.
 | WED, AUG 04, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 146.95 | -0.41 | -0.28% | | INTC | 53.90 | -0.16 | -0.30% | | VZ | 55.37 | -0.36 | -0.65% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 118.77 | +6.21 | +5.52% | | F | 13.32 | -0.70 | -4.99% | | GM | 52.72 | -5.16 | -8.91% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 118.77 | +6.21 | +5.52% | | AAPL | 146.95 | -0.41 | -0.28% | | MRNA | 419.05 | +32.54 | +8.42% | |
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Both the Dow Jones Industrial Average and the S&P 500 notched midweek dips on Wednesday, as Wall Street pared some of the gains it saw in the prior session. The Dow underperformed with a loss of 323.73 points, led lower by a 6.4% drop in Amgen and weakness in cyclical stocks like Caterpillar and 3M. The S&P 500 posted a loss of nearly 0.5%. Among the three major indexes, the Nasdaq Composite was the lone gainer on the day with a climb of 0.1%, thanks to strong performance from Facebook, Nvidia and Moderna.  General Motors made headlines during Wednesday's trading after the automaker missed earnings expectations for the second quarter. That stock fell 8.9% by the end of the session. Shares of online brokerage Robinhood Markets continued their roller coaster ride, at one point rising more than 80% before trimming the climb to 50.4% at the close. Investors continued to keep an eye on Washington, where Senate Majority Leader Chuck Schumer, D-N.Y., is shepherding a massive infrastructure bill through the chamber. Market pros are looking ahead to the Labor Department's release of the July 2021 jobs report on Friday. The update, highly anticipated by investors and economists alike, should offer Wall Street a hint into whether the U.S. economy is still in the middle of a sharp rebound or beginning to plateau. |
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