U.S. stocks drifted to a mixed close as drops for Microsoft and other big-name tech stocks overshadowed gains for much of the rest of Wall Street.
The S&P 500 fell 0.4 percent Wednesday even though the majority of stocks within the index rose. The Dow Jones Industrial Average added 91 points, or 0.3 percent, while the Nasdaq composite lagged the market with a loss of 1.3 percent.
Tech stocks dropped as yields rose in the Treasury market. The Bank of Canada raised interest rates for the first time since January, ahead of a decision on interest rates next week by the Federal Reserve….
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