Wall Street slips, but relentless rise for tech pares losses
By STAN CHOE, AP Business Writer
Published: July 30, 2020, 1:15am
Share:
NEW YORK — Most of Wall Street is pulling lower on Thursday, but the indefatigable rise for big tech stocks is helping the market trim its losses.
The S&P 500 was down 0.5% in early afternoon trading, with nearly three quarters of the stocks in the index lower. Among the hardest-hit were banks, oil producers and other companies that most need the economy to pull out of its recession.
Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.
Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.