Economics
Tech Stocks, Dollar Fall as Global Tensions Rise: Markets Wrap
- European shares rise after drop in Asian markets; gold gains
- Crude edges higher amid U.S.-Saudi discord over missing writer
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Technology companies pulled stock indexes lower, while the dollar dropped as investors eyed a growing list of global concerns. Treasuries rose.
The tech-heavy Nasdaq indexes led losses Monday, while small caps gained after President Donald Trump on Sunday threatened more tariffs on Chinese goods. The S&P 500 deepened declines following its biggest weekly retreat since March, holding near the key 200-day moving average. Bank of America Corp. dropped after posting quarterly results, while Harris Corp. and L3 Technologies Inc. surged on the announcement of a merger.