S&P 500 has biggest loss in nearly 4 weeks as tech stumbles

WorldNews Thursday, 23 July 2020 ()
S&P 500 has biggest loss in nearly 4 weeks as tech stumblesNEW YORK (AP) — Slumping stocks across most of Wall Street sent the S&P 500 to its worst loss in nearly four weeks on Thursday, undercut by a report showing layoffs are picking up across the country with coronavirus counts. Technology stocks had the sharpest drops after a better-than-expected profit report from Microsoft failed to satisfy investors expecting even more from the stock that's largely defied gravity and the pandemic this year. They helped drag the S&P 500 down 40.36 points, or 1.2%, to 3,235.66 for its first loss in five days. The Dow Jones Industrial Average lost 353.51 points, or 1.3%, to 26,652.33. The Nasdaq composite fell 244.71, or 2.3%, to 10,461. Other...

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