US stock markets suffered heavy losses on Wednesday on the back of poorly received results from tech heavyweights and comments from the Federal Reserve which said that interest-rate cuts are not yet imminent.
US stock markets performed strongly on Monday, kicking off a busy week on the front foot, with both the Dow and S&P 500 continuing to set fresh record highs and the Nasdaq Composite nearing its all-time peak.
The Dow and S&P 500 both hit new record highs on Thursday after an upside surprise in US economic growth lifted sentiment, with airline stocks and IBM among the most prominent risers of the day.
Stocks finished mixed on Wednesday with the Dow slipping into the red by the close, but the S&P 500 notching its fourth straight record close, helped by strong earnings from Netflix and Freeport-McMoRan, along with improving service-sector data.
Wall Street experienced a mixed performance on Tuesday, with its main market indices showing varied results following a record close in the previous session.