Nasdaq struggles a fourth day | Fed Chair Powell calls inflation ‘frustrating’ | Natural gas slides

The tech-heavy Nasdaq Composite inched downward on Wednesday.

VIEW IN BROWSER | SUBSCRIBE WED, SEP 29, 2021 EVENING BRIEF AS OF WED, SEP 29, 2021 • 04:56 ET DJIA 34390.72 +0.26% +90.73 S&P 500 4359.46 +0.16% +6.83 NASDAQ 14512.44 -0.24% -34.24   Most Active DOW NAME LAST CHG %CHG AAPL 142.83 +0.92 +0.65% MSFT 284.00 +0.48 +0.17% INTC 53.49 -0.51 -0.94% S&P 500 NAME LAST CHG %CHG AAPL 142.83 +0.92 +0.65% COG 22.55 +0.73 +3.35% F 14.30 -0.01 -0.07% NASDAQ NAME LAST CHG %CHG AAPL 142.83 +0.92 +0.65% AMD 100.35 -1.17 -1.15% MU 71.64 -1.46 -2.00%   EDITOR'S NOTE The S&P 500 and the Dow Jones Industrial Average enjoyed a mild rebound on Wednesday as the rise in Treasury yields slowed and most sectors ticked higher.    However, it wasn't a full reversal. The tech-heavy Nasdaq inched downward. Defensive stocks like utilities and health care outperformed.    Also rising on Wednesday was the iShares Russell 1000 Value ETF. The index has beaten its growth counterpart during the recent market volatility.     Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, said this could be the start of a major factor shift in the markets. The reopening and value stocks could be entering a period of outperformance after the delta variant surge led to economic growth concerns over the summer, Link said.    "I look at the Russell 1000 Value versus Growth, and the Russell 1000 Value for the first quarter of this year just blew away growth. … Then, in May, when we had the growth scare, the Russell 1000 Growth caught all the way up to value and it was neck and neck. And that's something worth watching," Link told CNBC. Jesse Pound | CNBC Markets Reporter @jesserpound Watch our live stream for all you need to know to invest smarter. TOP NEWS  Nasdaq stocks continue to struggle, but Dow adds 90 points on Wednesday House will vote on a debt ceiling suspension that is doomed in the Senate Fed Chair Powell calls inflation 'frustrating' and sees it running into next year Natural gas drops 7%, sharpest decline since January following big run-up on supply concerns Warby Parker opens at $54.05 per share in public debut on NYSE Pending home sales surged more than expected in August after two months of declines New York Life Investments CEO says inflation will persist and reveals her top protection play We asked 3 major investors what happens next in the market — none of them see big returns Elizabeth Holmes wrote personal notes to herself about 'becoming Steve Jobs' as Theranos collapse began CDC calls for more Covid vaccinations among pregnant women   TOP VIDEO Jefferies' Zervos: Biden administration facing 'tough' decision on Powell re-nomination   CNBC PRO Goldman says these stocks are vulnerable to higher rates and the market hasn't realized it   SPECIAL REPORTS What to do if Democrats ax the backdoor Roth individual retirement account strategy Navient will no longer service federal student loans. What that means for borrowers   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS