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June 24, 2026

Sharp drops in Big Tech pull indexes mostly lower

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year.

The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, led largely by technology stocks. The Dow Jones Industrial Average, which is less influenced by tech stocks, gave up an early gain and closed just 0.1% lower. The Nasdaq composite fell 2.2%.


 
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