Markets Right Now: Tech losses weigh on US stock indexes
NEW YORK (AP) — The latest on developments in financial markets (All times local):
4 p.m.
U.S. stocks wobbled and finished mostly lower on Wall Street as technology companies including chipmakers dropped.
Industrial companies were weighed down by steep losses in airlines Wednesday.
United Continental plunged 11 percent after saying it would ramp up passenger capacity to compete with lower-priced airlines. Delta fell 5 percent and American Airlines sank 6 percent.
The dollar, already at three-year lows, got even weaker after Treasury Secretary Steven Mnuchin said the declining dollar is good for U.S. exporters. Gold and silver prices rose.
The Standard & Poor's 500 index slipped 1 point 2,837.