U.S.
stocks fell, pushing the Nasdaq 100 Index to its biggest three-day
retreat since 2011 and erasing the year™s gains in the Standard &
Poor™s 500 Index, as technology shares extended last week™s selloff.
The
S&P 500 dropped 1.1 percent to 1,845.08 at 4 p.m. in New York. The
Dow Jones Industrial Average slipped 166.78 points, or 1 percent, to
16,245.93. The Nasdaq 100 gauge of the biggest technology stocks fell
0.9 percent, bringing its three-day drop to 4.3 percent. The Russell
2000 Index of small companies sank 1.5 percent to an almost two-month
low.
The
S&P 500 rose to a record last week before trimming its weekly gain
to 0.4 percent in the last two days, as the selloff in technology shares
overshadowed optimism on Federal Reserve monetary stimulus.
Source : Bloomberg
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