Technology shares sink broader market but Dow edges higher
By Olachi in Business
Updated 3 years ago
Technology companies dragged indexes lower on Wall Street on Tuesday, pulling the market further from its recent all-time highs. The Standard & Poor's 500 fell 0.7%, erasing its gains from last week. Big technology companies including Apple and Microsoft fell as the sector declined for the sixth straight day. Losses in communications stocks and companies that rely on consumer spending also weighed on the market, offsetting gains by financial, industrial and materials stocks. Treasury yields fell slightly.