Wall Street falls as tech sells off again, jobless claims still high - Reuters
Sep 17, 2020 46 secs

Amazon.com Inc AMZN.O dropped 2.3% and Apple Inc AAPL.O fell 1.6%, making them the biggest drags on the S&P 500 and Nasdaq.

From the March market lows, “this has been an amazing recovery represented by a few good tech names,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

stock indexes posted a second straight week of declines as investors sold tech-related names that had powered the S&P 500 to record highs in a dramatic rally from the March lows.

The heavily weighted S&P 500 technology index .SPLRCT was down 0.8% on the day, hitting the benchmark index the hardest.

The Dow Jones Industrial Average .DJI fell 130.4 points, or 0.47%, to 27,901.98, the S&P 500 .SPX lost 28.48 points, or 0.84%, to 3,357.01 and the Nasdaq Composite .IXIC dropped 140.19 points, or 1.27%, to 10,910.28.

The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 38 new highs and 18 new lows.


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