Stocks trim some of their recent gains, hold near records

Stocks trim some of their recent gains, hold near records

3 years ago
Anonymous $K6XgmDN5_o

https://apnews.com/6a53e087161a291e2fe06a0764183293

Stocks are giving back some of their recent gains in early trading on Wall Street Wednesday, not far below the record highs major indexes set in recent days. The S&P 500 fell 0.6% in the first few minutes of trading, and the Nasdaq fell 1%. Technology stocks had some of the biggest losses. Chevron and Verizon bucked the downward trend and moved higher. Late Tuesday Warren Buffett’s Berskhire Hathaway said it made major new investments in those companies in the second half of 2020. The yield on the 10-year Treasury note held steady at its highest level in a year.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.