US stock markets slipped back from their record high on Wednesday, as strong earnings reports from technology giants were not enough to offset weakness in the rest of the market.
The benchmark S&P 500 index fell 0.5 per cent from Tuesday’s record close, with tech groups and consumer stocks including Amazon the only sectors that made gains. The tech-heavy Nasdaq Composite was flat.
Energy stocks were the biggest drivers of the declines as oil prices retreated from their recent highs.
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