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Tech share sell-off drags US stocks lower

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A second straight sell-off of popular technology shares dragged US stocks lower Monday, as tensions with Russia over Ukraine kept investors on edge.

At the closing bell the Dow Jones Industrial Average was down 25.88 points (0.16 percent) at 16,276.89.

The broad-based S&P 500 lost 9.08 (0.49 percent) at 1,857.44, while the tech-rich Nasdaq Composite fell 50.40 (1.2 percent) to 4,226.38.

Stocks eventually halved their early losses -- the Nasdaq having given up more than 2.0 percent at one point.

Some of the most popular Nasdaq counters took sharp falls: LinkedIn (-4.4 percent), Priceline (-3.3 percent), Facebook (-4.5 percent), Tesla (-3.9 percent) and Twitter (-4.2 percent).

A second straight sell-off of popular technology shares dragged US stocks lower Monday, as tensions with Russia over Ukraine kept investors on edge.

At the closing bell the Dow Jones Industrial Average was down 25.88 points (0.16 percent) at 16,276.89.

The broad-based S&P 500 lost 9.08 (0.49 percent) at 1,857.44, while the tech-rich Nasdaq Composite fell 50.40 (1.2 percent) to 4,226.38.

Stocks eventually halved their early losses — the Nasdaq having given up more than 2.0 percent at one point.

Some of the most popular Nasdaq counters took sharp falls: LinkedIn (-4.4 percent), Priceline (-3.3 percent), Facebook (-4.5 percent), Tesla (-3.9 percent) and Twitter (-4.2 percent).

AFP
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With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

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