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June 29, 2022

Tech leads stocks lower

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed broadly lower on Wall Street Tuesday, after a discouraging snapshot of U.S. consumer confidence stoked investors' worries about the risk that sharply higher interest rates and pervasive inflation could trigger a recession.

The S&P 500 ended 2% lower, reversing a 1.2% gain from earlier in the day. The Dow Jones Industrial Average fell 1.6% and the Nasdaq composite ended 3% lower.


 
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