Stocks are closing lower on Wall Street Wednesday following a Federal Reserve report that shows U.S. economic activity slowed this summer amid rising worries over resurgent coronavirus cases and mounting supply chain problems and labor shortages.

The S&P 500 index fell 0.1%, the Dow Jones Industrial Average lost 0.2% and the Nasdaq composite gave back 0.6%.

Technology stocks had some of the biggest losses.

Chipmaker Advanced Micro Devices lost 2.%. Less risky investments, including consumer staples and utilities, made broad gains.

The yield on the 10-year Treasury note fell to 1.34%. Oil prices rose 1.4%.