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January 15, 2021

Late drop in Big Tech pulls down indexes

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Wall Street capped a day of listless trading Thursday with a late-afternoon pullback led by technology companies that left the major stock indexes in the red.

The S&P 500 fell 0.4%. The benchmark index, which had been up by 0.4%, was weighed down by losses in Apple, Microsoft and other huge tech companies even though most of the stocks in the index rose. Those losses outweighed gains in banks, industrials and other sectors.


 
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