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Wall Street lower as tech slide resumes


By Yashaswini SwamynathanREUTERS - Technology shares were under pressure yet again on Thursday, pulling lower all the three major Wall Street indexes, as investors fretted about bloated valuations.The technology sector has risen 16.7 percent this year, far outperforming other sectors and giving investors a chance to lock-in gains. The tech-heavy Nasdaq Composite has also surged 13.7 percent, compared with the S&P 500's 8.2 percent gain for the year. However, fortunes turned last Friday after a drop in Apple's shares triggered a selloff and led to the tech sector's biggest two-day decline in ...

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First Published: Thu, June 15 2017. 21:13 IST