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Wall Street slips as global growth concerns hit tech stocks

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A fall in technology stocks pulled Wall Street's main indexes lower on Tuesday as weak economic data from China revived global recession fears, ...

REUTERS: A fall in technology stocks pulled Wall Street's main indexes lower on Tuesday as weak economic data from China revived global recession fears, but losses were tempered by hopes on trade.

Analysts attributed some of the selloff in tech to investors re-distributing wealth into stocks that have underperformed during the year. Trading so far this week has largely been subdued as investors hold out for policy decisions from central banks on potential monetary easing. The European Central Bank will hold its policy meeting on Thursday.

Details on its new video streaming service could also move shares of Netflix Inc and Walt Disney Co . Netflix was down 0.2per cent.

 

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