Wall Street eases from record highs as tech drags; Fed meeting eyed

Monday, 29 July 2019 23:15 WIB

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U.S. stocks retreated from record highs on Monday, weighed by technology shares ahead of high profile earnings including that of Apple, which will test the impact of trade tensions on global growth, ahead of the Federal Reserve's policy-setting meeting.

The S&P 500 technology sector, the index's best performer so far this year, dropped 0.37%. However, a rise in shares of Apple Inc, ahead of its quarterly report after markets close on Tuesday, helped support the blue-chip Dow Industrials index.

At 11:09 a.m. ET the Dow Jones Industrial Average was up 61.11 points, or 0.22%, at 27,253.56, the S&P 500 was down 6.58 points, or 0.22%, at 3,019.28.

The Nasdaq Composite was down 62.05 points, or 0.74%, at 8,268.17. Weighing on the tech-heavy index were declines in shares of heavyweights Inc and Microsoft Corp.

Source : Reuters


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