Technology shares sink broader market although Dow has gain
Stocks are closing lower on Wall Street Tuesday, dragged down by big technology companies like Apple and Microsoft. The declines marked the sixth straight losing day for technology stocks. Investors continue to focus on corporate earnings and gauge the economic recovery’s progress. Earnings and most economic indicators have been signaling a steady recovery, but investors remain concerned about the lingering threat from COVID-19, inflation and other factors that could crimp progress. The S&P 500 index fell 0.7% and the tech-heavy Nasdaq slipped 1.9%, while the Dow eked out a small gain. The price of oil rose while bond yields slipped slightly.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below:
Stocks were solidly lower in afternoon trading Tuesday, dragged down by big technology companies…