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News / Business

U.S. stock indexes mixed as tech rebound fades; Peloton drops

By Associated Press
Published: May 5, 2021, 1:20pm
3 Photos
A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, May 5, 2021. Major Asian stock markets advanced Wednesday after Wall Street fell, while Chinese and Japanese markets were closed for holidays.
A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, May 5, 2021. Major Asian stock markets advanced Wednesday after Wall Street fell, while Chinese and Japanese markets were closed for holidays. (AP Photo/Vincent Yu) Photo Gallery

Major U.S. stock indexes are closing with mixed results Wednesday as a pullback in utilities and real estate companies keeps gains elsewhere in the market in check.

The S&P 500 posted a gain of 0.1% to 4,167, after having been up 0.6% earlier in the day. The Dow Jones Industrial Average rose 97 points, or 0.3%, to 34,230, but the Nasdaq Composite dropped 0.4% after shedding an earlier gain. Financial stocks were among the big winners. JPMorgan Chase rose 1.3%. Energy companies also climbed. Exxon Mobil rose 2.9%. Technology companies, which had bounced back in the early going, lost most of their momentum. Apple was up 0.2%.

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