Sunday, April 6, 2014

U.S. Stocks Drop From Record as Tech, Consumer Shares Retreat



U.S. stocks fell, as technology and consumer shares sank, after benchmark indexes had climbed to records on a government report showing employers added to payrolls last month.
The S&P 500 lost 0.3 percent to 1,882.44 at 12 p.m. in New York. The gauge rose as much as 0.5 percent to an all-time high. The Dow Jones Industrial Average fell 18.14 points, or 0.1 percent, to 16,554.41, after earlier topping its closing record. The Nasdaq Composite Index sank 1.7 percent, the most in two months. Trading in S&P 500 stocks was 15 percent above the 30-day average at this time of day.
Seven of the 10 main S&P 500 groups fell today, with technology stocks sinking 1.6 percent to pace declines. Google Inc. Class C shares slid 3.5 percent to $550.05 to lead a gauge of software stocks lower.
Source : Bloomberg

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