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S&P 500 drops to third straight loss after tech rally fades

NEW YORK (AP) — Another afternoon fizzle for stocks left the Standard & Poor’s 500 index with its third straight loss on Tuesday.

 

December 6, 2017



NEW YORK (AP) — Another afternoon fizzle for stocks left the Standard & Poor’s 500 index with its third straight loss on Tuesday.

The market seemed like it was headed for a gain in the morning, after technology stocks recovered from one of their few stumbles this year. But the tech rally lost momentum as the afternoon went on, and losses for telecom stocks and utilities helped cement the S&P 500’s longest losing streak in nearly four months.

The S&P 500 fell 9.87 points, or 0.4 percent, to 2,629.57. It had been up 0.3 percent in the morning, and it marked the second straight day where...



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