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Home International Markets

U.S. stocks close lower as tech shares sell off

byCT Report
26/09/2017
in International Markets
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WASHINGTON: U.S. stock-market indexes closed lower on Monday led by sharp declines in technology shares. Escalating tension between North Korea and the U.S. added to already downbeat mood on Wall Street. The S&P 500 SPX, -0.22% fell 5.56 points, or 0.2%, to 2,496.66. The technology sector fell 1.4%, outweighing gains in the energy and consumer staples sectors. The tech-heavy Nasdaq Composite index COMP, -0.88% slumped 56.33 points, or 0.9%, to 6,370.59. The Dow Jones Industrial Average DJIA, -0.24% declined 53.84 points, or 0.2%, to 22,295.75. Shares of large technology companies were among the worst performers. Netflix Inc. NFLX, +0.36% and Facebook Inc. FB, +0.60% shares dropped nearly 5%, though both stocks are up more than 40% year to date.

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