Technology shares sink broader market in afternoon trading

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By Poppy in Business
Updated 3 years ago

Stocks were solidly lower in afternoon trading Tuesday, dragged down by big technology companies like Apple and Google. Most sectors in the benchmark S&P 500 index fell as 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.

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