A selloff in the world’s largest technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s cautious stance on rate cuts.

U.S. stocks rose, with those benefiting the most from lower interest rates and a stronger economy leading the way.

U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. The S&P 500 climbed 0.3% to pull closer to its all-time high set two weeks ago.

Wall Street's main indexes fell on Wednesday, with the Nasdaq leading declines as technology stocks slumped ahead of the Thanksgiving holiday, while investors focused on the Federal Reserve's next move following an in-line inflation reading.

Wall Street stocks were mixed early Wednesday as markets awaited a key inflation reading in the final full-day session of a holiday-shortened week.