Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

By ALEX VEIGA
AP Business Writer 

Tech stocks pull market sharply lower, erasing early gains

A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average.

 

March 28, 2018



A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average.

The market slide erased modest gains from earlier in the day and much of a powerful rally from the day before.

Banks also weighed on the market as bond yields declined. Investors bid up shares in safe-play stocks like utilities and real estate companies.

The market turbulence came a day after the major stock indexes notched their best day in more than two years following a steep slide last week.

“Just looking at the sector performance...



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