S&P 500, Nasdaq close lower as investors await technology earnings

The S&P 500 and the ⁠Nasdaq ⁠closed lower on Wednesday with a mixed performance ⁠from technology stocks, as investors waited for key earnings reports to gauge the health of a market ​rally fed by enthusiasm for artificial intelligence. After months of gains that lifted the major indexes from their March lows, momentum has been wobbling with uneven trading ‌in heavyweight semiconductor stocks and weakness in ‌software stocks. The Philadelphia SE Semiconductor index ended higher, after bouncing…

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