Dow Plunges in Short Session

Stocks fell on Tuesday as tech shares dropped sharply, offsetting solid gains in energy.

The Dow Jones Industrials tumbled 132.36 points to conclude Tuesday’s session at 24,174.82, with Apple falling more than 1.5%

The S&P 500 dipped 13.49 points to 2,713.22, with tech sliding 1.3%.

The NASDAQ slumped 65.01 points to 7,502.67, as Micron fell 5.3% and Facebook dropped 2.3%.

U.S. markets closed early on Tuesday (1 p.m. EDT) ahead of the Fourth of July holiday.

The moves Tuesday come after stocks eked out a gain on Monday, despite by concerns about a spat between the U.S. and its key trade partners.

President Donald Trump’s administration is set to activate tariffs on Chinese goods worth around $34 billion on Friday, which is widely expected to trigger a tit-for-tat response from Beijing.

Wall Street however, also looked ahead to Friday in anticipation of the latest jobs report, which is expected to be a strong one. Economists expect the U.S. economy to have added 200,000 jobs in June.

Prices for the benchmark for the 10-year U.S.Treasury gained, lowering yields to 2.84% from Monday’s 2.86%. Treasury prices and yields move in opposite directions.

Oil prices slid 26 cents to $73.68 U.S. a barrel.

Gold prices advanced $12.60 to $1,254.30 U.S. an ounce.

This article provided by NewsEdge.