Stocks pull back after big rally, Dow closes more than 100 points lower

(CNBC) — U.S. stocks fell on Tuesday led by technology names, as the market gave back some of the strong gains from the previous session.

The S&P 500 slid 0.8% to 3,870.29 after the broad equity benchmark rallied more than 2% Monday for its best day since June. The Dow Jones Industrial Average fell 143.99 points, or 0.5%, to 31,391.52. The tech-heavy Nasdaq Composite lost 1.7% to 13,358.79 as Apple and Facebook fell about more than 2% each. Amazon and Microsoft both slipped 1%, while Tesla dropped 4.5%.

Tech and consumer discretionary were the two worst-performing sectors, falling more than 1% each. The slight gains in materials provided the broader market with some cushion.

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The post Stocks pull back after big rally, Dow closes more than 100 points lower appeared first on WND.

Source: World Net Daily

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