How major US stock indexes fared Wednesday

A late-afternoon sell-off pulled U.S. stocks broadly lower Wednesday for the second straight day.

Stocks gave up their early gain following a spike in bond yields. Investors sent bond yields higher after minutes from the Federal Reserve’s latest policy meeting showed bullish sentiment among policymakers, signalling more interest rate hikes ahead.

On Wednesday:

The Standard & Poor’s 500 index fell 14.93 points, or 0.5 per cent, to 2,701.33.

The Dow Jones industrial average lost 166.97 points, or 0.7 per cent, to 24,797.78.

The Nasdaq gave up 16.08 points, or 0.2 per cent, to 7,218.23.

The Russell 2000 index of smaller-company stocks rose 1.84 points, or 0.1 per cent, to 1,531.84.

For the week:

The S&P 500 is down 30.89 points, or 1.1 per cent.

The Dow is down 421.60 points, or 1.7 per cent.

The Nasdaq is down 21.24 points, or 0.3 per cent.

The Russell 2000 is down 11.71 points, or 0.8 per cent.

For the year:

The S&P 500 is up 27.72 points, or 1 per cent.

The Dow is up 78.56 points, or 0.3 per cent.

The Nasdaq is up 314.84 points, or 4.6 per cent.

The Russell 2000 is down 3.67 points, or 0.2 per cent.