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June 16, 2017

Tech, retail pull down other stocks

NEW YORK (AP) — U.S. stocks fell Thursday as technology firms and small companies skidded. Investors bought high-dividend stocks, which pulled the market away from steeper losses.

Stocks dropped in early trading as investors reacted to rising interest rates in the U.S. while the Bank of England came unexpectedly close to raising U.K. interest rates for the first time in 10 years. Smaller, more domestically oriented companies fell as investors wondered if the expanding special counsel investigation in Washington will affect President Donald Trump's proposed agenda of cuts in taxes and regulations.

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