S&P 500 Snaps Two-Day Climb With Fed in Focus: Markets Wrap

The S&P 500 fell on Wednesday — after wavering for most of the session — as investors pondered the Federal Reserve’s path of rate cuts and digested housing-market data.

The Nasdaq 100 closed modestly higher. The 10-year US Treasury yield advanced to hover around 3.79%. The Bloomberg Dollar Spot Index rose after a 0.5% drop on Tuesday.

Traders are now turning to earnings from Micron Technology Inc. and Jefferies Financial Group Inc., which posted results after the close. Micron shares jumped more than 10% in postmarket trading after the largest US maker of computer memory chips gave a strong ...