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Tech Selling Picks Up Again. Major Indexes Turn Lower.
The stock market is giving back its early gain Monday. Selling of technology stocks is picking up again.
After all three indexes were in the green to start trading Monday, they all moved into the red about a half hour after trading opened. Now, the Dow has inched its way back to flat, but the S&P 500 is down 0.2% and the tech-heavy Nasdaq Composite is also down 0.2%.
This comes even though Treasury yields are mildly lower, as markets anticipate more Federal Reserve interest-rate cuts. That supports continued economic growth.
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