U.S. stocks waver as tech rally pauses and energy shares advance

  • U.S. stocks wavered as the Nasdaq 100 retreated from a record.
  • Broadcom, Micron, Intel and Lam Research fell between 1% and 2%.
  • Chevron, ExxonMobil, Marathon and Valero advanced amid diesel-export plan reports.

U.S. stocks wavered Wednesday as the technology rally paused and macroeconomic concerns persisted. The Nasdaq 100 slipped from a record, while the S&P 500 and Dow edged lower. Broadcom, Micron, Intel and Lam Research fell between 1% and 2% as investors took profits after a strong weekly rally, although enthusiasm for artificial-intelligence shares was supported by positive feedback on Meta's Muse agent. Treasury yields remained elevated as energy prices stopped declining, while JPMorgan and Wells Fargo fell as much as 1%. Chevron, ExxonMobil, Marathon and Valero rose amid reports that the energy sector lobbied against President Trump's plan to halt diesel exports to curb prices. Earlier MSX.COM data showed mixed moves among popular U.S. stocks, including gains for Dell Technologies-C, Microsoft, Meta, Tesla and Apple.

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