News

Dow ends nearly 270 points lower as tech shares lose steam in afternoon trade

0

Stocks ended lower Tuesday as a bounce for tech-related shares ran out of steam in afternoon trading. The Dow Jones Industrial Average
DJIA,
-0.78%

fell around 267 points, or 0.8%, to close near 34,061, according to preliminary figures, while the S&P 500
SPX,
-0.85%

declined around 36 points, or 0.9%, to finish near 4,128. The Nasdaq Composite
COMP,
-0.56%

ended with a loss of around 75 points, or 0.6%, near 13,304. Stocks saw a mixed performance in early activity, with tech shares holding gains. A round of upbeat earnings from retailers were seen providing support but was offset by a weaker-than-expected reading on housing starts, analysts said.

Tesla Eyes ‘Nightmare’ While EV Startups Lordstown, Fisker Jump

Previous article

Dow Jones Futures: Stock Market Rally Below Key Levels, Bitcoin Near Lows; More Bad Tesla News

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News