A steep slide in technology companies led U.S. stocks broadly lower Tuesday after a day of choppy trading on Wall Street. Phone companies, utilities were among the biggest decliners after a sell-off in bonds sent yields sharply higher. Banks bucked the broader market slide.
The Standard & Poor’s 500 index fell 19.69 points, or 0.8 per cent, to 2,419.38.
The Dow Jones industrial average slid 98.89 points, or 0.5 per cent, to 21,310.66.
The Nasdaq composite lost 100.53 points, or 1.6 per cent, to 6,146.62.
The Russell 2000 index of smaller company stocks gave up 13.12, or 0.9 per cent, to 1,403.52.
For the week:
The S&P 500 is down 18.92 points, or 0.8 per cent.
The Dow is down 84.10 points, or 0.4 per cent.
The Nasdaq is down 118.63 points, or 1.9 per cent.
The Russell 2000 is down 11.26 points, or 0.8 per cent.
For the year:
The S&P 500 is up 180.55 points, or 8.1 per cent.
The Dow is up 1,548.06 points, or 7.8 per cent.
The Nasdaq is up 763.51 points, or 14.2 per cent.
The Russell 2000 is up 46.39 points, or 3.4 per cent.
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