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The S&P 500 fell 0.5%, posting its fifth modest loss in the past six days. the Dao The Jones Industrial Average rose 260 points, or 0.5%. Nasdaq The composite fell 1.5%.

Stocks within the S&P 500 index rose more than twice as many as fell, but a decline in technology stocks weighed on the index for the second day in a row.

Advanced micro devices It fell 17.3% even though the chip company reported stronger earnings last quarter than analysts expected. It also provided revenue forecasts at the beginning of 2026 that exceeded analysts’ expectations, but that may not have been enough for investors after its shares more than doubled over the past 12 months.

Technology stocks are broadly feeling the pressure, even as they post stronger-than-expected earnings. Big technology stocks face criticism that their prices have risen too high after dominating the market for many years. Meanwhile, companies like software makers face questions about whether they will lose out in the future to competitors powered by AI technology.

Uber technologies The market was also affected after it declined by 5.1%. The passenger transportation company announced fourth-quarter results that were lower than analysts’ expectations. It also gave a lower earnings forecast for the current quarter than analysts had expected, while appointing a new chief financial officer.

However, some technology stocks rose, including a 13.8% rise Super micro computer. The company, which sells artificial intelligence servers and other equipment, posted stronger earnings last quarter than analysts expected.

Eli Lilly It rose 10.3% after beating analysts’ profit expectations in the fourth quarter. It has achieved significant growth with its Mounjaro and Zepbound diabetes and weight loss products.

Group match The company’s shares rose 5.9% after announcing better results than analysts expected and increasing dividends. The company attributed the early signs of success to efforts to improve results for users. Tinder’s new facial verification feature, for example, led to a sharp decline in interactions with “bad actors” as it was rolled out, she said.

Walmart Its shares rose 0.2%, a day after its total market value exceeded $1 trillion for the first time. The retailer has broken into a small club dominated by big tech companies such as Nvidia and appleEach of which is worth more than $4 trillion.

Overall, the S&P 500 fell 35.09 points to 6,882.72. The Dow Jones Industrial Average rose 260.31 points to 49,501.30 points, while the Nasdaq Composite Index fell 350.61 points to 22,904.58 points.

Gold and silver prices rose after paring larger early gains. Gold rose 0.3% to settle at $4,950.80 an ounce after earlier rising above the $5,000 level. It has been swinging sharply after nearly doubling in price over 12 months. It approached $5,600 last week and then fell below $4,500 on Monday.

The price of silver, which has been on an even wilder ride, rose 1.3%.

Their prices have risen as investors look for safer places to keep their money amid concerns about everything from tariffs to a weak US dollar to heavy debt burdens on governments around the world. But critics said their prices had risen too much, too quickly and were set to fall.

In the bond market, Treasury yields remained relatively steady after two conflicting reports on the US economy.

American employers outside government hired fewer workers last month than economists expected, ADP research suggested. A second report from the Institute for Supply Management said growth in health care, construction and other U.S. service companies continued in January at the same pace economists had expected.

However, the second report also noted that prices paid by US utility companies rose at a faster rate in January, which could be a discouraging sign for inflation.

The yield on the 10-year Treasury note fell to 4.27% from 4.28% late Tuesday.

In overseas stock markets, indicators were mixed across Europe and Asia.

Japan’s Nikkei 225 index fell 0.8% from its all-time high. Nintendo Its shares fell 11%, even as the video game company reported strong earnings. Investors and analysts are concerned about whether sales Momentum can be maintained For the Switch 2 gaming console that was released last year.

Meanwhile, South Korea’s KOSPI rose 1.6% to another record high.

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AP Business Writers Chan Ho-him and Matt Ott contributed.