Wall Street Loses Ground as Boeing Dents Dow's Rally

Wall Street Loses Ground as Boeing Dents Dow's Rally

The main US equity markets turned lower on Wednesday, retreating for the second time in three days as the Dow Jones Industrial Average pulled back from its record high a day earlier after Boeing’s ( BA ) quarterly report sent the heavyweight into the red.

The Nasdaq Composite was heading for the lowest level in three weeks after disappointing results from chipmaker Advanced Micro Devices ( AMD ), while the S&P 500 neared the worst since Oct. 13. Telecoms declined the most among the sectors after AT&T’s ( T ) miss on revenue, while Boeing’s loss weighed on industrials.

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Referenced Symbols: BA , AMD , T

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