Markets Right Now: Tech stocks drag US indexes lower
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Technology companies took sharp losses for a third day in a row and U.S. indexes are closing lower.
Twitter skidded 8 percent and Google's parent company Alphabet gave up 1.8 percent.
Technology companies have done far better than the rest of the market for more than a year but weak reports from Twitter and Facebook have sent it lower.
Energy companies rose with oil prices. U.S. crude climbed 2.1 percent to $70.13 a barrel.
The S&P 500 index fell 16 points, or 0.6 percent, to 2,802.
The Dow Jones Industrial Average lost 144 points, or 0.6 percent, to 25,306. The Nasdaq composite fell 107 points, or 1.4 percent, to 7,630.
Bond prices fell.