Dow ends nearly 270 points lower as tech shares lose steam in afternoon trade

This post was originally published on this site

Stocks ended lower Tuesday as a bounce for tech-related shares ran out of steam in afternoon trading. The Dow Jones Industrial Average fell around 267 points, or 0.8%, to close near 34,061, according to preliminary figures, while the S&P 500 declined around 36 points, or 0.9%, to finish near 4,128. The Nasdaq Composite ended with a loss of around 75 points, or 0.6%, near 13,304. Stocks saw a mixed performance in early activity, with tech shares holding gains. A round of upbeat earnings from retailers were seen providing support but was offset by a weaker-than-expected reading on housing starts, analysts said.

-William Watts; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

05-18-21 1604ET

Copyright (c) 2021 Dow Jones & Company, Inc.