Wall Street has fallen as a technology rebound lost steam and Walt
Disney shares dipped, while investors assessed how a US tax overhaul
would impact earnings.
Wall Street fell on Tuesday as a technology
rebound lost steam and Walt Disney Co shares dipped, while investors
assessed how a Republican US tax overhaul would impact corporate
earnings.
The S&P 500 fell for a
third straight session, a streak not seen since early August, trimming
the index's rally this year to 17 per cent.
Buoyed by a 2.53 per cent increase in Electronic Arts Inc , the S&P 500 information technology index ended up 0.21 per cent, but pared earlier gains of as much as 1.39 per cent.
All three major indexes moved sharply lower late in the session.The Nasdaq Composite dropped 0.19 per cent to 6,762.21.Ten of the 11 major S&P sectors fell, led by losses in telecom services and utilities.
Declining issues outnumbered advancing ones on the NYSE by a 1.80-to-1 ratio; on Nasdaq, a 1.83-to-1 ratio favored decliners.
About 6.9 billion shares changed hands on US exchanges, just above the 6.7 billion daily average for the past 20 trading days, according to Thomson Reuters data.
Buoyed by a 2.53 per cent increase in Electronic Arts Inc , the S&P 500 information technology index ended up 0.21 per cent, but pared earlier gains of as much as 1.39 per cent.
All three major indexes moved sharply lower late in the session.The Nasdaq Composite dropped 0.19 per cent to 6,762.21.Ten of the 11 major S&P sectors fell, led by losses in telecom services and utilities.
Declining issues outnumbered advancing ones on the NYSE by a 1.80-to-1 ratio; on Nasdaq, a 1.83-to-1 ratio favored decliners.
About 6.9 billion shares changed hands on US exchanges, just above the 6.7 billion daily average for the past 20 trading days, according to Thomson Reuters data.
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