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Wall Street Dented By Tech Selloff, Health Care Vote Delay

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Wall Street extended its losses through the session and closed in the red, with stronger oil prices unable to counter a selloff in tech stocks that sent the Nasdaq Composite weaker for a second consecutive day.

The tech sector was down 1.4% late Tuesday afternoon, leading declines as nine of the 11 S&P groups retreated. The overall market weakness was amplified as Republican senators delayed a vote on their health care reform bill until after the July 4 recess, raising concerns about how it might disrupt President Donald Trump's policy agenda.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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