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Tech stocks weigh on Wall Street, energy stocks help cut losses

  • 📰 Reuters
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  • News: 4%
  • Publisher: 97%

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The benchmark S&P 500 and the Dow Jones Industrial Average were flat on Wednesday, as gains in energy companies helped offset a slide in technology stocks, which weighed on the Nasdaq.

 

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Wall Street drops as tech stocks take a beatingThe tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while warnings from Micron Technology and KLA-Tencor led a slide in chip stocks.
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Tech stocks pressure Wall Street; Apple down ahead of eventThe Nasdaq fell on Wednesday, weighed down by a drop in Apple on fears of further regulation, while a rise in energy stocks and a report of fresh U.S.-China trade talks helped keep the S&P afloat and boost Dow Industrials. Are we going to acknowledge the Price to Earnings ratio does matter after all?
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U.S. stocks extend gains as tech stocks rebound and trade jitters easeU.S. stock advance Thursday, putting the S&P 500 on track to extend its recent uptick to a fourth straight session, as technology stocks led the day’s advance. News that China may be receptive to overtures from the U.S. on new trade talks is also soothing trade-related jitters.
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