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Tech stocks drag down Wall Street as earnings worries weigh

Updated : October 16, 2018 06:28 AM IST

The technology index fell 1.6 percent, weighing the most on the S&P 500, while defensive sectors such as real estate, consumer staples and utilities led the S&P’s major sectors in percentage gains.
Yields on the benchmark 10-year Treasury note were at 3.1557 percent, holding above September’s levels but below the levels that prompted last week’s sell-off.
Apple Inc shares fell 2.1 percent and weighed the most on all three of Wall Street’s major indexes after Goldman Sachs said there were multiple signs of rapidly slowing consumer demand in China, which could affect demand for iPhones this fall.
Tech stocks drag down Wall Street as earnings worries weigh
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