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February 23, 2021

Weakness in Big Tech leaves Wall Street mostly lower

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

A sell-off in technology companies led stocks on Wall Street mostly lower Monday, adding to the market's losses from last week.

The S&P 500 fell 0.8%, extending its losses to a fifth straight day. The benchmark index was just about evenly split between winners and losers, but technology stocks and companies that rely on consumer spending bore the brunt of the selling. Apple fell 3%, Microsoft dropped 2.7%, Tesla slumped 8.5% and Amazon lost 2.1%.


 
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