Dow drop 100 points, trades near session low as tech stocks slump, energy pares gains
The Dow Jones Industrial Average was trading near session lows Thursday afternoon, as technology stocks took a leg lower and the market's best performer, energy, cut its sharp, early gains. The Dow DJIA…
From the American News Group archive. This article dates from May 17, 2018 and is preserved as first published.
The Dow Jones Industrial Average was trading near session lows Thursday afternoon, as technology stocks took a leg lower and the market’s best performer, energy, cut its sharp, early gains.
The Dow DJIA, -0.22% most recently, was down 116 points, or 0.5%, at 24,652, while the S&P 500 index SPX, -0.09% was down 0.4% at 2,712, pressured lower by a 1% decline in the technology sector XLK, -0.52% more than offsetting a 0.8% gain for the energy sector XLE, +1.51% The technology-laden Nasdaq Composite Index COMP, -0.21% retreated by 0.6% at 7,352. The afternoon drop for the broader market came as crude-oil prices CLM8, +0.13% edged lower, weighing on values for energy and oil-related companies, including Exxon Mobil Corp. XOM, -0.17% and Chevron Corp. CVX, +0.79%
