Stocks close lower as tech sector weighs on market [MSN Money]
Meta Platforms, Inc. - Class A (FB)
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Source: MSN Money
Stocks ded lower Tuday after a volatile ssion as a decline in big tech shar took the wind out of a market rally that was sparked by optimism over a pottial reoping of the U.S. economy.Load ErrorThe Dow closed points lower, snapping a four-ssion winning streak. The S&P 500 slid 0.5%, while the Nasdaq lost .%. All three index were up more than % earlier in the day.Alphabet fell % ahead of its latt earnings release, which was scheduled for after the close. Facebook dropped .5% while Amazon slid .6%. Netflix shar fell .% while Apple lost .6%.“I think people are selling into the tech earnings,” said Peter Cardillo, chief market economist at Spartan Capital Securiti. “If those rults disappoint, th those stocks can lead the market lower.”“But in geral, the market has be rilit lately,” Cardillo said.Facebook, Microsoft, Amazon and Apple are all scheduled to report earnings later this week.Wall Street was coming off of strong gains on Monday, with the Dow closing above ,000 for the first time
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