Wall Street Dented By Tech Selloff, Health Care Vote Delay
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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