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Wall Street Slightly Lower as Tech Stocks, Oil Weigh

October 8, 2018

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U.S. stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week’s spike in Treasury yields following healthy economic data.

Six of the 11 major S&P sectors were lower as a 0.35 percent slide in technology stocks led the declines, followed by a 0.24 percent drop in the energy sector.

The drop in technology stocks was led by a 0.5 percent fall in Apple and a decline in chipmakers. Micron fell 1 percent and Nvidia dropped 0.7 percent.

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