Tuesday, 23 Jul 2019

Markets Right Now: Tech stocks pull US indexes lower


NEW YORK – U.S. stocks are opening lower as technology companies take losses.

Facebook lost 2.8 percent Monday morning and Microsoft lost 1.7 percent.

JD.com fell 6.3 percent after the CEO of the Chinese e-commerce company was arrested in Minneapolis on suspicion of criminal sexual conduct. JD.com said Richard Liu was released without charges.

Oil prices rose as Tropical Storm Gordon moved through the Gulf of Mexico. Benchmark U.S. crude gained 1.1 percent.

The S&P 500 index lost 7 points, or 0.3 percent, to 2,893.

The Dow Jones Industrial Average fell 93 points, or 0.4 percent, to 25,871. The Nasdaq composite sank 31 points, or 0.4 percent, to 8,078.


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