US stocks opened lower on Thursday, with technology shares leading a broad decline amid worries over stretched valuations. The S&P 500 technology sector dropped 1.21 per cent, led by declines in index heavyweights such as Apple, Microsoft and Facebook. The latest round of selloff in tech shares follows a two-day rout earlier this week. Investors have been locking in gains in a sector that had risen 16.7 per cent this year, far outperforming other sectors. "Stocks have been at all-time highs and valuations are somewhat priced to perfection so a little bit of a pullback is ...
Tech stocks lead broad decline on Wall Street
S&P 500 technology dropped 1.21% led by declines such as Apple, Microsoft, Facebook
Reuters Last Updated at June 15, 2017 20:44 IST