Financials, technology stocks pressure S&P 500
Financials and technology stocks slid on Wednesday, contributing to the $S&P 500 Index(.SPX.US$ ′s 0.8% decline.
Falling shares of $Lincoln National(LNC.US$ , $Citigroup(C.US$ , $Citizens Financial(CFG.US$ and Fi $Fifth Third Bancorp(FITB.US$ contributed to a 1.2% loss in the benchmark index’s financial sector.
Elsewhere, popular technology names and chipmakers, including $Alphabet-C(GOOG.US$ , $NVIDIA(NVDA.US$ , $Analog Devices(ADI.US$ and Intuit, contributed to a 1% decline in the communications services and information technology sectors.
$Tesla(TSLA.US$ shed 3.4% and cruise stocks Royal Caribbean, Carnival and Norwegian Cruise Line fell at least 3% each. The drop in shares pressured the consumer discretionary sector, $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$
Falling shares of $Lincoln National(LNC.US$ , $Citigroup(C.US$ , $Citizens Financial(CFG.US$ and Fi $Fifth Third Bancorp(FITB.US$ contributed to a 1.2% loss in the benchmark index’s financial sector.
Elsewhere, popular technology names and chipmakers, including $Alphabet-C(GOOG.US$ , $NVIDIA(NVDA.US$ , $Analog Devices(ADI.US$ and Intuit, contributed to a 1% decline in the communications services and information technology sectors.
$Tesla(TSLA.US$ shed 3.4% and cruise stocks Royal Caribbean, Carnival and Norwegian Cruise Line fell at least 3% each. The drop in shares pressured the consumer discretionary sector, $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$
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