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Stocks fall for the first time in 5 days, led by Amazon and tech shares


Tuesday, 28 April 2020 23:36 WIB

Saham AS


Stocks gave back nearly all of their earlier gains on Tuesday as a decline in tech shares offset some of the enthusiasm around the prospect of states reopening the U.S. economy.

The Dow Jones Industrial Average was up just 20points, or 0.1%, after rallying 378 points to start the session. The 30-stock average was briefly down 100 points. The S&P 500 traded flat while the Nasdaq Composite slid 0.7%.

Facebook and Alphabet both traded at least 1% lower. Amazon slid 2.1% while Netflix pulled back 3.5%. Apple shares traded 0.5% lower.

Stocks were also under pressure as oil prices seesawed in another volatile session. The June contract for West Texas Intermediate was down more than 1% at $12.63 per barrel after trading slightly higher earlier on Tuesday. To be sure, WTI briefly fell more than 20%.

Source: CNBC


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