The Dow rose 0.4% on Wednesday, adding a sixth day to its recent winning streak, while the S&P 500 finished flat on the stock market today. The Nasdaq ended 0.2% lower but remained above the psychological level of 16,000. All three indexes remain above their 50-day moving averages, although investors await a follow-through day to offer a perspective on the market's condition.

Volume on the New York Stock Exchange was slightly higher and lower on the Nasdaq compared with the same time on Tuesday. Breadth was poor, with decliners outnumbering advancers on both exchanges.

The small-cap Russell 2000 fell 0.5% after a five-day rally. The Innovator IBD 50 (FFTY) exchange traded fund saw a small increase of 0.1%.

The yield on the benchmark 10-year Treasury note rose 4 basis points to 4.5%, snapping a five-day streak of declines.