Early Tech Surge Falters, as Markets Suffer Dips

Dow finishes down 109 points
By Newser Editors and Wire Services
Posted Dec 5, 2017 3:16 PM CST

(Newser) – Stocks gave up an early gain and ended modestly lower on Wall Street Tuesday, pulled down by weakness in industrial companies and banks. UPS slumped 2.7% and JPMorgan Chase gave up 1.2%, per the AP. Overall, the Dow Jones industrial average lost 109 points, or 0.5%, to 24,180, while the Nasdaq composite fell 13 points, or 0.2%, to 6,762, and the Standard & Poor's 500 index fell 10 points, or 0.4%, to 2,629. In general, technology stocks were the only sector to rise, but they gave up much of the ground they had won earlier. Intel lost 2.4%.

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