Stocks fall as tech retreats; price of oil hits 7-year high
Stocks fall as tech retreats; price of oil hits 7-year high
By DAMIAN J. TROISE and ALEX VEIGA
Technology companies led a broad slide for stocks on Wall Street Monday, as rising bond yields and energy prices stoked investors’ concerns about higher inflation.
The S&P 500 fell 1.3%, the Dow Jones Industrial Average dropped 0.9% and the tech-heavy Nasdaq lost 2.1%.
The price of oil hit a seven-year high as OPEC and allied oil producers stuck with a plan to…
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