The S&P 500 closed 0.1% lower after earlier being up by 0.7%. The Dow Jones Industrial Average was up 0.5% before finishing with a 0.1% gain. The tech-heavy Nasdaq composite fell 0.2%.

Facebook parent company Meta fell 2%, Google’s parent company Alphabet gave up 1.6% and Microsoft dropped 1%.

Still, gainers outnumbered decliners by a nearly 2-to-1 ratio on the New York Stock Exchange.

Automakers were a bright spot. General Motors surged 9.4% after announcing a big stock buyback, raising its dividend and telling investors it won’t have trouble absorbing the costs of its new labor contract. The stock is still down 6.1% for the year, while the S&P 500 is up more than 18%.

GM and its rivals agreed to new contracts with the United Auto Workers and Canadian auto workers in October following strikes.

Ford rose 2.1% and Jeep maker Stellantis rose 5.3%.

All told, the S&P 500 fell 4.31 points to 4,550.58, the Dow rose 13.44 points to 35,430.42, and the Nasdaq dropped 23.27 points to 14,258.49.

Stocks rose in Europe and were mixed in Asia.

Treasury yields fell, taking more pressure off of stocks. The yield on the 10-year Treasury, which influences mortgage rates, slipped to 4.26% from 4.33%. The yield on the 2-year Treasury fell sharply to 4.66% from 4.75%.

Wall Street received another encouraging economic update Wednesday. The U.S. economy grew at a brisk 5.2% annual pace from July through September, the government reported, an upgrade from its previous estimate of 4.9%.

Consumer spending, the lifeblood of the economy, rose at a 3.6% annual rate from July through September. That’s still healthy, but a downgrade from the previous estimate of 4%.

Wall Street will be watching retailers during the holiday shopping season. A record 200.4 million consumers shopped online and in stores over the Thanksgiving holiday weekend, according to the National Retail Federation.

Several stocks rallied Wednesday after strong financial updates. NetApp jumped 14.6%. TurboTax maker Intuit rose 2.2% and software maker Workday gained 11%.

Sneaker and athletic apparel retailer Foot Locker rose 16.1%. Nike rose 1.5% and Lululemon Athletica rose 2.5%.

On the losing end, Spam maker Hormel foods fell 4.6% after giving a weak profit forecast.

Las Vegas Sands slid 4.9% after Miriam Adelson, the casino operator’s controlling shareholder, sold some $2 billion in stock ahead of an announcement Wednesday that Adelson’s family agreed to buy a majority stake in the Dallas Mavericks NBA franchise, owned by Mark Cuban.