Another tech stock tumble pulls US indexes sharply lower - News Summed Up

Another tech stock tumble pulls US indexes sharply lower


Elsewhere, energy companies climbed along with the price of crude oil but industrial companies like Caterpillar continued to lose ground. The S&P 500 lost 16.22 points, or 0.6 percent, at 2,802.60, and the Dow Jones Industrial Average fell 144.23 points, or 0.6 percent, to 25,306.83. The Nasdaq composite has more technology stocks among its ranks, and it fell 107.41 points, or 1.4 percent, to 7,630. Even with its recent tumble, the technology sector of the S&P 500 is up almost 26 percent over the last year. Its stock lost 5.1 percent to $51.28 Monday after a 6.1 percent drop Friday.


Source: ABC News July 30, 2018 14:19 UTC



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