Page 30 - மைய வங்கி ப்ரெஸிடெஂட் கிறிஸ்டின் லகார்ட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provided by Dow Jones By Joe Wallace A retreat in technology stocks continued Tuesday as U.S. stocks slid and investors awaited Federal Reserve Chairman Jerome Powell s testimony in Congress on the health of the economy. The S&P 500 ticked down 0.5%. The benchmark stocks gauge on Monday fell for a fifth consecutive day, its longest losing streak since last February. The Nasdaq Composite Index dropped 2% as technology stocks continued to lead the market lower. The Dow Jones Industrial Average retreated 49 points, or 0.2%. A sharp rise in yields on U.S. government bonds in recent days has sapped investors appetite for riskier assets, including stocks. Shares in technology companies, which have powered the broader market higher for much of the past year, are seen as particularly vulnerable. That is because many tech companies valuations are tied to their future earnings potential. Those profits are less valuable in today s terms when investors

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