(CNBC) -- The S&P 500 erased modest gains earlier and closed in the red on Wednesday as the market’s comeback rally took a breather.
The broad equity benchmark dipped 0.1% to 4,241.84, falling for the first day in three and sitting 0.4% from an all-time high. The Dow Jones Industrial Average fell 71.34 points, or 0.2%, 33,874.24. The Nasdaq Composite was the relative performer with a 0.1% gain at 14,271.73, eking out another record closing high.
Leading the losses were the S&P 500 utilities sector, which dropped 1.1% Wednesday, while consumer staples and materials also registered modest declines.
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