Tech Losses Weigh on US Stock Indexes

And airlines suffered steep losses
By Newser Editors and Wire Services
Posted Jan 24, 2018 3:22 PM CST
Tech Losses Weigh on US Stock Indexes
Specialist John Alatzas, center, works at his post on the floor of the New York Stock Exchange, Wednesday, Jan. 24, 2018.   (AP Photo/Richard Drew)

US stocks wobbled and finished mostly lower Wednesday on Wall Street as technology companies, including chip-makers, dropped, the AP reports. Industrial companies were weighed down by steep losses in airlines. United Continental plunged 11% after saying it would ramp up passenger capacity to compete with lower-priced airlines. Delta fell 5% and American Airlines sank 6%. The dollar, already at three-year lows, got even weaker after Treasury Secretary Steven Mnuchin said the declining dollar is good for US exporters. Gold and silver prices rose.

The Standard & Poor's 500 index slipped 1 point to 2,837. The Dow Jones industrial average added 41 points, or 0.2%, to 26,252. The Nasdaq composite fell 45 points, or 0.6%, to 7,415. Bond prices fell. The yield on the 10-year Treasury rose to 2.65%.

(More stock market stories.)

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