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Tech losses sink Wall Street, oil falls on U.S. production fears

Reuters  |  NEW YORK 

By Nick BrownNEW YORK (Reuters) - U.S. and European stock indexes slid on Tuesday as investors reacted to U.S. President Donald Trump's ouster of Secretary of State Rex Tillerson, with the dollar and crude oil prices following suit. Losses in technology stocks drove dips in the U.S. equity market, while oil prices - which lately have trended in tandem with equities - fell by as much as 1.8 percent before regaining some ground, hurt by concerns over rising U.S. production. Trump gave Tillerson the boot on Tuesday after a series of public rifts over policy on North Korea, Russia and Iran, and ...

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First Published: Wed, March 14 2018. 00:58 IST
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