Technology shares sink broader market but Dow edges higher
The Standard & Poor’s 500 fell 0.7%, pulled down by big technology companies.
(Associated Press)
Associated Press
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Technology companies dragged indexes lower on Wall Street on Tuesday, pulling the market further from its recent all-time highs.
The Standard & Poor’s 500 fell 0.7%, erasing its gains from last week. Big technology companies including Apple and Microsoft fell as the sector declined for the sixth straight day. Losses in communications stocks and companies that rely on consumer spending also weighed on the market, offsetting gains by financial, industrial and materials stocks. Treasury yields fell slightly.
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Cashola, Debt Levels, Margin Squeeze, Earnings Expectations, Buffett, Amazon I am going to tell you that there is no possible way that higher taxes are helpful from the market s perspective.
May 03, 2021 | 07:58 AM EDT
Electric Gypsy
About love and blues
Moves so fast, never touch the ground
High, high touch the sky
Don t come down, don t make me try
Lost in space or any other place
Living my dream on the moving train
-Lewis, Riley, Guns (LA Guns) 1988
Exhale
Slow motion. The breath leaves the body. Out with the old. Equity markets largely gave back a bit of ground on Friday, and on rather large trading volume at that. We did see that coming. We warned ourselves as we had warned each other that that last day of the month could be, or would be, atypical. Is it, or was it really atypical though? Or was this negative action more premonitory?