The S&P 500 and Nasdaq got hit with another day of unequivocal distribution Wednesday, prompting a shift in outlook to uptrend under pressure. The S&P 500 took the hardest hit, falling 1.4%. The Dow lost 1.1% and the Nasdaq gave up 0.9%. The Nasdaq popped more than 1% early, helped by strong earnings from Apple (AAPL), but gave back the entire gain in the morning.