As Tech Companies Go, so Go US Stocks

Losses for both Wednesday
By Newser Editors and Wire Services
Posted Nov 15, 2017 3:17 PM CST
Trader Tommy Kalikas works on the floor of the New York Stock Exchange, Wednesday, Nov. 15, 2017.   (AP Photo/Richard Drew)

(Newser) – Technology companies led a broad slide for US stocks Wednesday, extending the markets losses from a day earlier, the AP reports. Big tech names, which have far outpaced the rest of the market this year, took modest losses. Chipmaker Nvidia lost 2%. Companies that make consumer products also were big decliners. Energy stocks fell as the price of crude oil closed lower a day after its biggest loss since October. Banks and phone companies rose. Bank of America gained 2.1%.

The Standard & Poor's 500 index fell 14 points, or 0.6%, to 2,564. The Dow Jones industrial average lost 138 points, or 0.6%, to 23,271. The Nasdaq composite fell 31 points, or 0.5%, to 6,706. Bond prices rose. The yield on the 10-year Treasury fell to 2.33%.

(Read more stock market stories.)

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