Major U.S. equities indexes dropped Wednesday as Congressional debates about a Republican tax and spending bill underscored concerns about the deficit and the country's fiscal trajectory.

Meanwhile, an uptick in long-term Treasury yields added to questions about the sustainability of the recent stock-market rally. The S&P 500 lost 1.6% in the midweek trading session. The Dow dropped 1.9%, while the Nasdaq ended 1.4% lower. Read Investopedia's full coverage of today's trading here.

Shares of credit score provider Fair Isaac (FICO) plunged 16%, falling the furthest of any stock in the S&P 500 for a second straight session. The move lower followed comments from Bill Pulte, director of the Federal Housing Finance Agency, who singled out the pricing of FICO’s credit evaluations in a conversation about lowering mortgage origination costs. Shares of fellow consumer credit reporting agency Equifax (EFX) lost 6.7%.

AES Corp. (AES) shares also extended a string of recent losses, dropping 9.9% 🀅on Wednesday. Jefferies analysts downgradedℱ the renewables-focused energy producer’s stock to “underperform” on Tuesday, citing a cautious view on the company’s financial health and market position.

Moderna (MRNA) said it has withdrawn an application for the approval of a combination COVID and flu vaccine, and shares of the biotech firm dropped 7.8%. The losses mark a reversal from a recent uptick for Moderna’s stock, which gained steam as the Food and Drug Administration announced 澳洲幸运5开奖号码历史查询:new guidelines for COVI🐠D vaccine boosters.

Palo Alto Networks (PANW) shares slid 6.8% after the cybersecurity firm released financial results for its fiscal third quarter. Sales and profits 澳洲幸运5开奖号码历史查询:edged out expectations, reflecting progress in the firm's "platformization" strategy, which involves bundling products to encourage adoption. However, 澳洲幸运5开奖号码历史查询:gross margins came in shy of forecasts, and operating expenses were above last year’s🅰 levels.

Shares of Google parent company Alphabet (GOOGL, GOOG) rose nearly 3%, se♛curing the day's top performance i꧙n the S&P 500. The gains followed the tech giant’s Google I/O conference keynote and its rollout of an artificial intelligence (AI) search mode across the U.S. Several analysts responded favorably, praising Alphabet’s cross-product AI integration along with its evolving strategy as the search landscape shifts.

CME Group (CME), which operates financial derivatives exchanges, is reportedly discus🌳sing the expansion of its delivery networks for alumi𓆏num contracts to Hong Kong, which would increase the company's footprint in Asian metals markets. CME Group shares added 1.4%.

GE Vernova (GEV) shares advanced 0.7% to a record-high close after the Tennessee Valley A🐠uthority (TVA) filed an application to build a small modular nuclear reactor developed by the energy technology firm. The project would be installed at the TVA's Clinch River site near Oak Ridge, Tenn.