March 13, 2018 - 1:59 PM
A seven-day surge in technology stocks ended Tuesday after President Donald Trump blocked Singapore-based chipmaker Broadcom's effort to buy Qualcomm. Trump said he opposed the $117 billion deal because it could have been detrimental to national security.
On Tuesday:
The S&P 500 index gave up 17.71 points, or 0.6 per cent, to 2,765.31.
The Dow Jones industrial average declined 171.58 points, or 0.7 per cent, to 25,007.03.
The Nasdaq composite retreated 77.31 points, or 1 per cent, to 7,511.01.
The Russell 2000 index of smaller-company stocks slumped 9 points, or 0.6 per cent, to 1,592.05.
For the week:
The S&P 500 is down 21.26 points, or 0.8 per cent.
The Dow is down 328.71 points, or 1.3 per cent.
The Nasdaq is down 49.80 points, or 0.7 per cent.
The Russell 2000 is down 5.09 points, or 0.3 per cent.
For the year:
The S&P 500 is up 91.70 points, or 3.4 per cent.
The Dow is up 287.81 points, or 1.2 per cent.
The Nasdaq is up 607.62 points, or 8.8 per cent.
The Russell 2000 is up 56.54 points, or 3.7 per cent.
News from © The Associated Press, 2018