US stocks slipped on Wednesday, reversing gains late in trading after Wall Street fell short of extending its winning streak to six days. Gains were kept in check as investors digested weak earnings from shipping giant Fed Ex.
The S&P 500 and the Dow Jones Industrial Average traded slightly lower, falling 0.04% and 0.1%, respectively. Both the S&P 500 and Nasdaq Composite hit intraday all-time highs, with the latter index the only one of the three ending higher, up just 0.05%. The S&P 500 has rallied more than 27% year to date and is on pace for its biggest one-year gain since 2013. The Dow and Nasdaq have surged in 2019 by 21% and 33%, respectively.
