Wall Street drifts as tech stock gains offset other losses

STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — U.S. stock indexes are drifting on Wednesday, as more gains for big tech companies help make up for weakness elsewhere across Wall Street. The S&P 500 was 0.1% higher, as of 1:30 p.m. Eastern time, after swinging between an earlier gain of 0.8% and a loss of 0.3%. Treasury yields and oil prices were also holding relatively steady. But caution still hung over markets, as gold nudged toward its highest price since 2011. The up-and-down trading was reminiscent of the market's moves over the last month, where Wall Street has largely churned in place. Optimism is rising about a reopening economy, but worsening coronavirus infection levels across much of the U.S. South and West threaten to derail the buddin
Subscribe or log in to read the rest of this content.