Stocks gave up an early gain and ended lower Tuesday, a lackluster first trading day of 2023 for Wall Street just days after it closed the books on its worst year since 2008.
The S&P 500 shed a 1 percent gain and finished 0.4 percent lower. The Dow Jones Industrial Average slipped less than 0.1 percent and the Nasdaq composite dropped 0.8 percent. Small-company stocks also lost ground, pulling the Russell 2000 index 0.6 percent lower.
Technology stocks were among the biggest weights on the market. Apple fell 3.7 percent, leaving its market value below $2 trillion for the first time since March 8, 2021. Shares in the iPhone maker fell nearly 27 percent in 2022, their first annual decline in four years amid a broad slide in technology sector stocks….