Technology shares sink broader market but Dow edges higher

  • 📰 latimes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 82%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Technology companies dragged indexes lower on Wall Street Tuesday, pulling the market further from its recent all-time highs.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

At this moment, a genocide is happening in Colombia by the Government SOSColombiaNosEstanMatando

horrible

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines