Stocks close lower in choppy session as higher rates snuff out rally
The S&P 500 declined 0.1 percent to close at 2,821.98 after rising as much as 0.4 percent. The Nasdaq composite fell 0.4 percent to 7,385.86. Earlier, the tech heavy index traded 0.4 percent higher as Facebook shares hit an all-time high. Facebook reported better-than-expected earnings and revenue on Wednesday.
The Dow Jones industrial averageclosed 37.32 points higher at 26,186.71. It rose as much as 157.31 points and traded as much as 134.95 points lower.
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