S&P rings up 5th loss in 6 days as tech stocks drag index down, led by AMD’s 17.3% drop

More drops for technology stocks weighed on Wall Street Wednesday.

The S&P 500 fell 0.5% for its fifth modest loss in the last six days. The Dow Jones Industrial Average rose 260 points, or 0.5%, and the Nasdaq composite sank 1.5%.

More than twice as many stocks rose within the S&P 500 than fell, but sinking technology stocks weighed on the index for a second straight day.

Advanced Micro Devices dropped 17.3% even though the chip company reported a stronger...