U.S. stocks fluctuated on Wednesday, but the Nasdaq Composite remained in negative terrain, as investors cycled out of so-called momentum stocks.
"All the buzz is what technology company is going to blow up. It's a continuation of a trend we've had for six weeks. The Nasdaq is going to be under pressure until this growth-to-value rotation completes its course," said Art Hogan, chief market strategist at Wunderlich Securities.
For the latest market report click here.