Stocks fell lower on Wednesday as Wall Street struggled to extend its two-day rally from earlier in the week. The Dow Jones Industrial Average fell about 100 points, while the S&P 500 Index and Nasdaq Composite slipped 0.6% and 0.8%, respectively.
Here's how the market settled on Wednesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In the spotlight on Wednesday, Netflix
"We're still not growing as fast as we'd like," said CFO Spencer Neumann during the company's earnings call. "We are building momentum, we are pleased with our progress, but we know we still have a lot more work to do."
Also on the earnings front, United Airlines
Meanwhile, Abbott Labs
Wall Street staged a rally earlier this week on stronger-than-expected earnings reports from big banks like Goldman Sachs
For stocks, Spirit Airlines
In economic news, housing starts fell to its lowest level in more than two year in September, accord to Census Bureau data released Wednesday. New U.S. homebuilding dropped 8.1% to a seasonally adjusted annual rate of 1.439 million units last month. Building permits rose 1.4% during the same period.
Separately, the Federal Reserve reported in its Beige Book that the U.S. economy "expanded modestly" over the past six weeks as consumer spending waned and rental prices rose. The central bank added that inflation continued to be "elevated", but there were some signs of cooling.