Wall Street dips to send S&P 500 to its longest losing streak since January WSOC TV [Video]

NEW YORK — (AP) — Sinking technology stocks sent Wall Street lower again on Wednesday, and the S&P 500 fell to its fourth straight loss.

The index dipped 29.20 points, or 0.6%, to 5,022.21 for its longest losing streak since early January. It’s down 4.4% since setting a record late last month.

The Dow Jones Industrial Average slipped 45.66 points, or 0.1%, to 37,753.31, and the Nasdaq composite sank 181.88, or 1.1%, to 15,683.37.

Tech stocks slumped after ASML, a Dutch company that’s a major supplier to the semiconductor industry, reported weaker orders for the start of 2024 than analysts expected. Its stock trading in the United States slumped 7.1%.

Nvidia dropped 3.9%, and Broadcom sank 3.5% to serve as the two heaviest weights on the S&P 500.

The weakness for tech overshadowed stronger-than-expected profit reports from some big companies, including United Airlines. It soared 17.4% after reporting stronger resultsfor the start …