U.S. stock markets retraced earlier gains and closed with slight losses after a varied set of earnings reports from major companies, including the parent company of Google and Eli Lilly.

The S&P 500 index decreased by 0.3% on Wednesday, while the Dow Jones Industrial Average dropped by 0.2%. The Nasdaq composite also saw a decline of 0.6%, moving away from the record high it reached the previous day.

Alphabet’s stock experienced a surge after it joined the ranks of the “Magnificent Seven” with impressive profit outcomes. Conversely, Eli Lilly’s shares fell amid concerns regarding two of its leading medications. Additionally, semiconductor stocks saw a decline following a profit report from Advanced Micro Devices. On the bond market front, Treasury yields saw an uptick.

On Wednesday’s market close:

The S&P 500 decreased by 19.25 points, or 0.3%, finishing at 5,813.67.

The Dow Jones Industrial Average lost 91.51 points, or 0.2%, closing at 42,141.54.

The Nasdaq composite dropped 104.82 points, or 0.6%, ending at 18,607.93.

The Russell 2000 index, which tracks smaller companies, decreased by 5.05 points, or 0.2%, to finish at 2,233.04.

Looking at the week so far:

The S&P 500 has gained 5.55 points, translating to a 0.1% increase.

The Dow has risen by 27.14 points, also a 0.1% uptick.

The Nasdaq experienced a gain of 89.33 points, around 0.5%.

Meanwhile, the Russell 2000 index has seen an increase of 25.04 points, or 1.1%.

Year-to-date performance shows that:

The S&P 500 is up by 1,043.84 points, or 21.9%.

The Dow has risen by 4,452 points, or 11.8%.

The Nasdaq is up 3,596.58 points, accounting for a 24% increase.

The Russell 2000 index is up by 205.96 points, which represents a 10.2% rise.