Friday, 16 June 2017

Wall Street stumbles as tech slide deepens- Free Stock Cash Tips*Call on 9644405056

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Wall Street fell on Thursday as a recent selloff in technology stocks deepened and investors fretted about the economy's health as the Federal Reserve raises interest rates.

The S&P technology sector fell 0.5 percent, continuing a slide that began last Friday, although it had been down more earlier. Apple shares fell 0.8 percent while Google parent Alphabet dropped 1 percent after separate bearish analysts reports on the two tech heavyweights.

The consumer discretionary sector dropped 0.5 percent, as Amazon shares fell 1.4 percent. Nike was off 3.3 percent after the company said it would cut about 2 percent of its global workforce and eliminate a quarter of its shoe styles.

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