By Georgi Kantchev and Amrith Ramkumar 

Declines in technology and internet stocks and lingering worries about slowing global growth dragged U.S. stocks lower again Wednesday.

The Dow industrials fell 160 points, or 0.6%, to 25126, while the S&P 500 also fell 0.6%. Both indexes had opened higher after tumbling Monday and Tuesday. The tech-heavy Nasdaq Composite slumped 0.7% after rising about 1% shortly after the opening bell.

Outsize declines in the technology and internet stocks have stoked broader volatility in recent weeks. Some analysts worry that revenue growth for those companies might be peaking, removing a key source of support for U.S. stocks.

Apple extended a recent slide, shedding 2.1% amid worries about slowing iPhone demand, and Netflix fell more than 3%. Microsoft, Amazon.com and Alphabet were also lower.

Some investors say recent lukewarm revenue targets from internet companies were a sign that they aren't immune to slowing global growth and trade tensions. Economic data in Europe and China added to those concerns Wednesday, analysts said.

"This question about global growth is really central to everything that happens here," said David Kelly, chief global strategist at J.P. Morgan Asset Management.

Germany's economy shrank for the first time in 3 1/2 years in the third quarter while overall eurozone annualized growth was 0.7% over the quarter, its lowest rate since 2013.

In China, business activity was mixed in October, as retail sales grew at the slowest pace in five months, while growth in industrial output and investment accelerated.

The data came as investors watched for the latest moves in the trade spat between U.S. and China. The countries have renewed talks on trade ahead of a meeting between President Trump and President Xi Jinping, set for the end of November at the Group of 20 nations summit in Buenos Aires.

"There are a lot of issues out there: geopolitics, oil, trade wars, Brexit, take your pick," said Eric Stein, co-director of global income at Boston-based Eaton Vance. "It means more volatility is in store for the foreseeable future."

Stocks had trimmed some of their sharp October declines last week before falling anew in recent sessions, led by technology stocks.

Macy's was also an S&P 500 laggard, sliding more than 3% following its earnings report even after it delivered healthy sales growth in its latest quarter and raised its guidance for the year. Investors will parse Thursday retail sales data for the latest reading on consumer spending ahead of the holiday season.

Sliding Treasury yields also dragged down financial stocks, as lower bond yields tend to hurt lending profitability. The yield on the benchmark 10-year U.S. Treasury note fell to 3.125%, according to Tradeweb, from 3.145%. Yields fall as bond prices rise. The WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, was recently down 0.2%.

Those moves came after data showed consumer prices rose in October in line with expectations, potentially easing some anxiety about higher inflation leading to a faster pace of interest-rate increases. But some analysts remain anxious that tariffs will also impact inflation moving forward and the Fed's path of rate increases.

Oil prices stabilized Wednesday, with U.S. crude up more than 1% and on track to end a record 12-session losing streak.

In Europe, the Stoxx Europe 600 fell 0.6%. Investors were watching the latest developments in the Brexit negotiations after Britain and the European Union on Tuesday hammered out a draft deal on the U.K.'s exit from the bloc.

In Asia, Hong Kong's Hang Seng fell 0.5% while Japan's Nikkei Stock Average was up 0.2%. China's benchmark Shanghai Composite Index fell 0.9%.

Write to Georgi Kantchev at georgi.kantchev@wsj.com and Amrith Ramkumar at amrith.ramkumar@wsj.com

(END) Dow Jones Newswires

November 14, 2018 12:26 ET (17:26 GMT)

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