How major US stock indexes fared on Wednesday

The stock market’s fantastic start to 2018 stalled on Wednesday after real-estate companies and other dividend payers sank on concerns about rising interest rates.

The losses knocked indexes a bit off their record highs and provided the first minor hiccup for a market that had climbed six straight days to start the year. Stocks fell after the yield on the 10-year Treasury reached its highest level since March, but they ended up recovering most of their losses as the day progressed and rates pulled back.

On Wednesday:

The Standard & Poor’s 500 index fell 3.06 points, or 0.1 per cent, to 2,748.23.

The Dow Jones industrial average dropped 16.67, or 0.1 per cent, to 25,369.13.

The Nasdaq composite fell 10.01, or 0.1 per cent, to 7,153.57.

The Russell 2000 index of smaller-company stocks slipped 0.30 points, or less than 0.1 per cent, to 1,559.80.

For the week:

The S&P 500 is up 5.08 points, or 0.2 per cent.

The Dow is up 73.26 points, or 0.3 per cent.

The Nasdaq is up 17.01 points, or 0.2 per cent.

The Russell 2000 is down 0.21 points, or less than 0.1 per cent.

For the year:

The S&P 500 is up 74.62 points, or 2.8 per cent.

The Dow is up 649.91 points, or 2.6 per cent.

The Nasdaq is up 250.18 points, or 3.6 per cent.

The Russell 2000 is up 24.29 points, or 1.6 per cent.