U.S. stock indexes midday Tuesday were trading sharply lower, led by declines in information technology and communication services shares. The Dow Jones Industrial Average was off 672 points, or 2.9%, at 22,981, at last check, while the S&P 500 index was down 3.2% at 2,732, while the Nasdaq Composite Index was trading 3.7% lower at 8,243. Losses in tech names were being leading the way down and powered by a retreat in Amazon.com Inc. , down 3.1% , and shares of Tesla Inc. , which were off 7.4%. A decline in shares of iPhone maker Apple Inc. , Microsoft Corp. and International Business Machines was dragging the Dow sharply lower. Only one component of the 30 in the blue-chip index was trading higher and that was insurer Travelers Cos. Inc. , up a 2.2%. Read More...
U.S. stock indexes midday Tuesday were trading sharply lower, led by declines in information technology and communication services shares. The Dow Jones Industrial Average was off 672 points, or 2.9%, at 22,981, at last check, while the S&P 500 index was down 3.2% at 2,732, while the Nasdaq Composite Index was trading 3.7% lower at 8,243. Losses in tech names were being leading the way down and powered by a retreat in Amazon.com Inc. , down 3.1% , and shares of Tesla Inc. , which were off 7.4%. A decline in shares of iPhone maker Apple Inc. , Microsoft Corp. and International Business Machines was dragging the Dow sharply lower. Only one component of the 30 in the blue-chip index was trading higher and that was insurer Travelers Cos. Inc. , up a 2.2%.
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