U.S. equities retreat as Telecoms, Technology and Financials weigh on markets
U.S. stock indexes closed lower on Wednesday as losses concentrated in the Telecoms, Technology and Financials sectors pushed markets down. The Dow fell 1.21%, the S&P 500 lost 0.73% and the Nasdaq Composite slipped 0.89%. A mix of large-cap gains and steep declines among individual names produced wide market breadth deterioration, while volatility…