U.S. stocks and the price of gold fell, as momentum on Wall Street reverses.
The S&P 500 sank 0.5% Wednesday, though it’s still not far below the all-time high it set earlier this month. The Dow Jones Industrial Average dropped 0.7%, from its record set the day before, while the Nasdaq composite fell 0.9%.
Netflix helped drag the market lower after reporting a profit that fell short of forecasts.
Beyond Meat added more crazy swings to its meme-stock run, and the price of gold sank for a second straight day from its record. Stock indexes were mixed across Europe and Asia.