Stocks ended lower in a tech-led selloff Monday, with the Nasdaq Composite falling sharply and the Dow Jones Industrial Average giving up a gain of more than 300 points after it pushed above the 35,000 milestone for the first time. The Dow DJIA, -0.10%, which traded at an all-time intraday high of 35,091.56, ended the day down around 33 points, or 0.1% near 34,745, according to preliminary figures. The S&P 500 SPX, -1.04% gave up around 44 points, or 1%, to end near 4,189, while the tech-heavy Nasdaq COMP, -2.55% dropped around 350 points, or 2.5%, to close near 13,402. Shares of Facebook Inc. FB, -4.11% and Google parent Alphabet Inc. GOOG, -2.38% GOOGL, -2.56% fell sharply after a Citibank analyst cut ratings on the stocks to neutral from buy, citing worries that investors have become overly bullish about the online-advertising market.
View Article Origin Here
