Wall Street tacks on as tech equities dive

Wall Street tacks on as tech equities dive

On Tuesday, Wall Street demonstrated mixed performance because technology shares dragged on markets.

The S&P 500 rallied 0.10% hitting 2,750.35, the Dow composite added 0.22% being worth 25,339.55. As for tech heavy NASDAQ Composite, it slid over one point or 0.03% hitting 7,155.42

Technology equities turned to be the hardest hit after the morning start. Luxury car maker Tesla headed south 1.59%, Apple slid 0.28%, Facebook declined 0.47%. GoPro declined 5.49% having unveiled the company was considering selling itself. On Monday, the company lost up to 30% on news that it was firing hundreds of its workers and leaving the drone market.

As for financial stocks, they headed north. JPMorgan Chase & Co gained 0.68%, Bank of America tacked on 0.85%, HSBC Holdings PLC ADR soared 0.52%. Additionally, JP Morgan, Blackrock and Wells Fargo are supposed to unveil their financial earnings on Friday.

The FTSE 100 dived 0.32% in London.

 

 

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