Technology shares sink broader market although Dow has gain
Damian J. Troise and Alex Veiga
Associated Press
Stocks are closing lower on Wall Street Tuesday, dragged down by big technology companies like Apple and Microsoft. The declines marked the sixth straight losing day for technology stocks.
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. Investors will get another update with this week’s jobs report.
WASHINGTON (dpa-AFX) - Gold prices retreated from a two-month high on Tuesday as yields rose and the dollar strengthened amid optimism that a global economic recovery is gathering pace, thanks
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Technology shares sink broader market although Dow has gain
DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers
May 4, 2021
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1of3FILE - In this Jan. 27, 2021 file photo, pedestrians pass the New York Stock Exchange in New York. Stocks were solidly lower in early trading Tuesday, May 4, dragged down by banks and big technology companies like Apple and Google.John Minchillo/APShow MoreShow Less
2of3Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, May 4, 2021. Asian shares were mixed Tuesday after strong corporate earnings and economic data lifted stocks on Wall Street.Ahn Young-joon/APShow MoreShow Less