Stocks close lower, pulling indexes below record highs | News, Sports, Jobs
Damian J. Troise and Alex Veiga Technology companies helped drag U.S. stocks broadly lower Monday, pulling the indexes below the record highs they reached last week. The S&P 500 dropped 0.5%, shedding more than a third of its gain from last week. Tech stocks were the biggest weight on the market, but the losses were shared broadly by a mix of banks, energy companies and others that rely on direct consumer spending. Chipmaker Intel fell 1.7%, Capital One lost 0.9% and Valero Energy slid 2.3%. Only real estate stocks eked out a gain. The pullback came as bond yields mostly moved higher after e...
Source: lewistownsentinel.com