Dow’s 200-point slide, driven by Microsoft, Apple’s stocks as tech sector falls

The Dow Jones Industrial Average was off more than 200 points in late-Tuesady afternoon trade, as shares of Microsoft Corp. and Apple Inc. , among the leaders of Monday’s surge, came under heavy selling pressure. Along with shares of Goldman Sachs Group Inc. , those Dow components were exacting a roughly 80-point toll on the price-weighted blue-chip average. The technology sector was being buffeted the most, with the exchange-traded Technology Select Sector SPDR ETF trading down 2.2% on the day. The technology-laden Nasdaq Composite Index was off 2.1%. Most recently, the Dow was down about 200 points, or 0.8%, at 23,998, while the S&P 500 index was 1.1% lower at 2,628.

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From:: Stock Market News

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