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Overnight Markets: Tech Stocks Drag Wall Street Lower - Citywire Money

by citywire.co.uk posted 11months ago 47 views
Bank of America declined 1.9% even as it reported a 35.1% jump in third-quarter earnings. : Wall Street closed lower on Monday in a choppy session as technology stocks were pressured by lingering concerns over interest rates and corporate earnings. The Dow Jones Industrial Average fell 89 points, or 0.35%, to 25,251, the S&P 500 lost 16 points, or 0.59%, to 2,751, and the Nasdaq Composite dropped 66 points, or 0.88%, to 7,431 after large-cap tech shares fell more than 1%. Apple Inc. plunged 2.14%, Alphabet Inc. shed 1.62%, Microsoft Corp. was down 1.80% and Amazon.com lost 1.55%.

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