Technology companies led U.S. stocks lower Wednesday, giving the market its biggest loss since early September.
Grocery stores and packaged foods and beverage companies also accounted for much of the decline. Energy stocks fell as the price of crude oil slipped further the day after its biggest loss since October. Banks and phone companies eked out modest gains.
Wednesday’s slide extended the market's losses from a day earlier and added to its November pullback.
Unlike October's broad market rally, fewer stocks and sectors have been notching gains this month, noted Bruce Bittles, chief investment strategist at Baird.
“The market is struggling here,” Bittles said....