Wall Street follows solid stock market rally with pullback

Wall Street follows solid stock market rally with pullback

4 years ago
Anonymous $qOHwDUKgAF

https://apnews.com/25b004ca057500a13f1403801b802262

Wall Street's recent string of big gains came to an abrupt stop Tuesday as stocks closed broadly lower following a pullback in markets overseas.

The S&P 500 fell 1.1% after spending most of the day in the red. The sell-off snapped the index's five-day winning streak. Technology stocks, banks and companies that rely on consumer spending accounted for a big slice of the slide, which accelerated toward the end of the day. Bond yields fell and the price of gold rose, another sign of caution in the market.

Wall Street follows solid stock market rally with pullback

Jul 7, 2020, 9:13pm UTC
https://apnews.com/25b004ca057500a13f1403801b802262 > Wall Street's recent string of big gains came to an abrupt stop Tuesday as stocks closed broadly lower following a pullback in markets overseas. > The S&P 500 fell 1.1% after spending most of the day in the red. The sell-off snapped the index's five-day winning streak. Technology stocks, banks and companies that rely on consumer spending accounted for a big slice of the slide, which accelerated toward the end of the day. Bond yields fell and the price of gold rose, another sign of caution in the market.