U.S. stocks close lower, tech weakness ends lengthy Nasdaq streak
U.S. stocks closed lower on Tuesday, with equities dropping in a broad decline as political uncertainty returned to the forefront of Wall Street. The Dow Jones Industrial Average fell 172 points, or 0.7%, to 25,007. The S&P 500 fell 18 points, or 0.6%, to 2,765. The Nasdaq Composite Index lost 1%, or 77 points, to 7,511. The day's losses were widespread, with eight of the 11 primary S&P 500 sectors ending lower on the day. Technology shares fell 1.2% as the top-declining industry group of the day, and that pressured the tech-heavy Nasdaq, which snapped a seven-day streak of gains. Among the biggest decliners in the sector, shares of Microsoft Corp. (MSFT) were down 2.4% while Alphabet Inc. (GOOGL), the parent of Google, fell 2.2%. Facebook Inc. (FB) fell 1.6%. The stock market was wrestling with uncertainty in President Donald Trump's White House, with Secretary of State Rex Tillerson ousted by Trump, who nominated Mike Pompeo, the current director of the Central Intelligence Agency, as his replacement.
-Ryan Vlastelica; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
March 13, 2018 16:01 ET (20:01 GMT)
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