An unwind seen earlier this week continued Tuesday, with technology, consumer and real estate shares leading U.S. equities lower. Treasury yields climbed for a fifth day.
The Dow Jones Industrial Average briefly turned positive following a report that the South China Morning Post said China is ready to buy more U.S. agricultural products.
The tech-heavy Nasdaq Composite Index retreated below its 50-day moving average, while S&P 500 also pushed lower. Areas of the market that were previously this year™s best performers fell the most. The opposite was true, too, with energy stocks surging and small caps outperforming for a second day.
The S&P 500 Index declined 0.4% to 2,965.23 as of 12:10 p.m. New York time. The Dow Jones Industrial Average dipped 0.2% to 26,792.83, the first retreat in a week. The Nasdaq Composite Index fell 0.7% to 8,043.29.
Source : Bloomberg
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