US stock ended lower on Wednesday as encouraging tech earnings were eclipsed by a sell-off among semiconductor shares.
Alphabet's big earnings beat helped send its stock up almost 3% in the session, but major indexes fell as chipmakers suffered losses.
AMD and Super Micro Computer led the rout, with AMD dropping almost 11% and SMCI plunging 33% on weak guidance and auditor resignation.
Macroeconomic data showed strength in the US economy, with strong consumer spending and a fast rise in ADP hiring, potentially setting the stage for another big nonfarm payrolls report.