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Wall Street swoons on Tillerson firing, tech losses; oil dragged down

Reuters  |  NEW YORK 

By Nick BrownNEW YORK (Reuters) - U.S. and European stock indexes closed down on Tuesday, pressured by losses in technology stocks and U.S. President Donald Trump's ouster of Secretary of State Rex Tillerson.Sagging equities, in turn, weighed on the dollar and crude oil prices. The possibility of additional tariffs on China, which made news late in the day, may have also dragged stocks down across sectors."Technology rallied hard yesterday and last week, and there is profit-taking, but it's just a short-term pressure," said Ken Polcari, director of the NYSE floor division at O'Neil Securities ...

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First Published: Wed, March 14 2018. 03:31 IST