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Home International Markets

U.S. stocks close lower as tech selloff resumes

byCT Report
16/06/2017
in International Markets
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WASHINGTON: U.S. stocks closed lower Thursday as both tech and energy names sold off a day after the Federal Reserve raised interest rates and the emergence of reports that President Donald Trump may be under special counsel investigation.

The Dow Jones Industrial Average DJIA, -0.07% closed down 14.66 points, or less than 0.1%, at 21,359.90, with shares of Nike Inc. NKE, -1.06% weighing heavily on the average following announced job cuts. The S&P 500 index SPX, -0.22% declined 5.46 points, or 0.2%, to finish at 2,432.46, with the materials, energy and tech sectors leading the index lower. The Nasdaq Composite Index COMP, -0.47% fell 29.39 points, or 0.5%, to close at 6,165.50.

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