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Stocks erase gains as tech shares roll over


Tuesday, 11 June 2019 23:31 WIB

Standard & Poor's 500SahamAS


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Stocks erased earlier gains on Tuesday as a rally in the technology sector fizzled out.

The Nasdaq Composite traded 0.1% lower, erasing a surge of more than 1%. The Dow Jones Industrial Average was down 2 points after rallying more than 150 points while the S&P 500 traded just below breakeven.

The S&P 500 technology sector was down 0.3%, giving back a gain of 1.1%. Advanced Micro Devices and Symantec led tech’s decline, sliding more than 3% each.

The Dow was on pace to snap a six-day winning streak. However, the S&P 500 traded about 2.4% below an all-time high set in April.

Source: CNBC


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