SEARCH
« Public Theater stands by its controversial 'Julius Caesar' with Trump lookalike | Main | Former attorney general Eric Holder's review of Uber now complete »
Monday
Jun122017

US stocks close lower as tech stocks keep tumbling

iStock/Thinkstock(NEW YORK) -- The tech sell-off continued for a second day, despite reaching record highs a week ago.

The Dow Jones slid 36.30 (-0.17 percent) to finish at 21,235.67.

The Nasdaq gave up 32.45 (-0.52 percent) to close at 6,175.46, while the S&P 500 finished at 2,429.39, down 2.38 (-0.10 percent) from its open.

Crude oil was about 0.5 percent higher with prices at $46 per barrel.

Winners and Losers:
  "FAANG" stocks slumped in the session, with shares of Facebook, Apple, Amazon, Netflix, and Google-parent Alphabet all finishing at least 1 percent lower. Netflix's stock tumbled 4 percent.

General Electric's stock jumped on news its CEO Jeff Immelt would retire after a 16-year run. Shares climbed nearly 4 percent.

Copyright © 2017, ABC Radio. All rights reserved.







ABC News Radio