The Dow fell 171.50 points, or 0.37%, to 46,121.28, the S&P 500 lost 18.94 points, or 0.28%, to 6,637.98 and the Nasdaq lost 75.62 points, or 0.33%, to 22,497.86.
NEW YORK: US stocks closed lower for a second straight session on Wednesday, as investors booked profits with indices near record levels after Federal Reserve chair Jerome Powell flagged potentially stretched stock prices and ahead of a reading on inflation later in the week.
Investors are trying to gauge the trajectory of rate cuts from the central bank as it attempts to buttress an economy that has shown signs of a flagging labor market without stoking inflation.
