US stock indices driven lower by tech sector

Most US stock indices fell on Wednesday under pressure from the tech sector as investors assess latest corporate results.

Earlier US payroll data showed a marked slowdown in the US labor market, which bolstered the case for multiple Fed interest rate cuts this year, however investors remain jittery regarding US monetary policies. 

US corporations continue to report their earnings results for the first quarter, with some quite positive such as Microsoft, Apple, and Meta results, and some a bit mixed. 

On trading, Dow Jones rose 0.2%, or 84 points to 38,960, while S&P 500 fell 0.1%, or 5 points to 51,82, as NASDAQ shed 0.3%, or 47 points to 16,285.