Stocks continued to fall on Wall Street Wednesday as investors review the latest corporate earnings and prepare for higher interest rates.
The S&P 500 fell 1%, the Nasdaq fell 1.2% and the Dow Jones Industrial Average fell 1%. The major indexes all set new lows for the year, with technology stocks' weakness again giving direction to the broader market.
UnitedHealth Group, Bank of America and Procter & Gamble all rose after reporting encouraging financial results.
Bond yields fell.
Makers of household goods and consumer products gained ground.