S&P 500 Edges Up; Tech Weighs On Nasdaq - Dollar Advisory & Financial Services

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Tuesday 27 June 2017

S&P 500 Edges Up; Tech Weighs On Nasdaq

S&P, Dow hurt by energy, banks; biotech boosts Nasdaq

The S&P 500 and the Dow were slightly higher on Monday but gains were muted by a fall in technology stocks which nudged the Nasdaq lower as investors turned to more defensive sectors.

The slow-growing, high-dividend S&P utilities and telecommunications were the best performers among the 11 S&P sectors.

Technology stocks, which have been under pressure as investors worry about stretched valuations, hit a session low in late afternoon trading.

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