S&P 500 books back-to-back losses as tech sells off, Bank of America slides after earnings: Live updates

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Stocks fell on Wednesday for a second session, pulling back further from record levels, as traders digested a fresh batch of earnings and monitored geopolitical developments. The S&P 500 dropped 0.53% and closed at 6,926.60. The Dow Jones Industrial Average lost 42.36 points, or 0.09%, and ended at 49,149.63. The Nasdaq Composite shed 1%, settling at 23,471.75. It was the second consecutive day of losses for all three indexes. Tech bogged down the broader market. Chip stocks in particular