Banks, Tech Stocks Drag US Markets To Lower Close
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2018-04-12 HKT 04:19
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Stocks closed lower on Wall Street on Wednesday as losses in banks and technology companies offset gains in oil producers.
Facebook continued to rise as the social network’s chief executive, Mark Zuckerberg, testified to Congress about the company's data privacy scandal.
Microsoft and Alphabet each fell 1.1 percent, while JPMorgan Chase lost 1.7 percent.
The price of crude oil rose to a more than three-year high as investors focused on tensions in the Middle East. Occidental Petroleum rose 1.7 percent.
The S&P 500 fell 0.6 percent to 2,642.
The Dow Jones industrial average lost 0.9 percent to 24,189.
The Nasdaq composite fell 0.4 percent to 7,069. (AP)
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