Technology shares sink broader market but Dow edges higher

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Technology shares sink broader market but Dow edges higher
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Technology companies dragged indexes lower on Wall Street Tuesday, pulling the market further from its recent all-time highs.

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A unique set of circumstances brought on by the pandemic has roiled the used car market, leading to an inventory shortage that has sent prices soaring.

More than half of the companies in the S&P 500 have reported their results so far this earnings season, showing profit growth of 54%, according to FactSet. Remarks by Treasury Secretary Janet Yellen on Tuesday morning appeared to stoke those worries. At an economic seminar, Yellen said interest rates may have to rise to keep the economy from overheating. The selling on Wall Street accelerated after her remarks, which she later downplayed during an interview with the Wall Street Journal after the markets closed.

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