Wall Street stumbles as tech slide deepens

Wall Street stumbles as tech slide deepens

Friday, June 16, 2017


Wall Street
Wall Street fell on Thursday as a recent selloff in technology stocks deepened and investors fretted about the economy’s health as the Federal Reserve raises interest rates.

The S&P technology sector fell 0.5 percent, continuing a slide that began last Friday, although it had been down more earlier. Apple shares fell 0.8 percent while Google parent Alphabet dropped 1 percent after separate bearish analysts reports on the two tech heavyweights.

The Dow Jones Industrial Average fell 26.71 points, or 0.12 percent, to 21,347.85, the S&P 500 lost 6.87 points, or 0.28 percent, to 2,431.05 and the Nasdaq Composite dropped 34.08 points, or 0.55 percent, to 6,160.82.

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