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Tech Stocks Sink as Execs Testify

S&P 500, Nasdaq slip while Dow edges up 22 points
By Newser Editors and Wire Services
Posted Sep 5, 2018 3:00 PM CDT
Trader Thomas Ferrigno, left, works with specialists Dilip Patel, center, and Karan Virdi on the floor of the New York Stock Exchange, Friday, Aug. 31, 2018. Stocks are opening mostly lower on Wall Street,...   (AP Photo/Richard Drew)

(Newser) – US stocks are closing with losses as technology and consumer-focused companies decline, the AP reports. Facebook shed 2.3% and Twitter fell 6.1% as top executives from those companies testified before Congress about issues including their efforts to prevent disinformation and election meddling. Some of the market's recent leaders also stumbled. Amazon fell 2.2% and Microsoft lost 2.9%. The US and Canada restarted talks about a trade deal that would replace the North American Free Trade Agreement. The S&P 500 index gave up 8 points, or 0.3%, to 2,888. The Dow Jones Industrial Average gained 22 points, or 0.1%, to 25,974. The Nasdaq composite shed 96 points, or 1.2%, to 7,995. (Read more stock market stories.)

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