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Wall Street slides as tech wreck resumes


By Yashaswini Swamynathan and Sruthi ShankarREUTERS - Technology shares came under pressure yet again on Thursday, weighing on all three major Wall Street indexes, as investors fretted about stretched valuations.The S&P 500 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 ...

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First Published: Thu, June 15 2017. 23:04 IST