Dow ekes out gain Tuesday, but Nasdaq leads losses tied to tech selloff

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Major U.S. stock indexes closed mixed Tuesday in choppy trade punctuated by another sharp selloff in the internet sector. The Dow Jones Industrial Average DJIA, +0.15% swung to a slight gain late in the session, adding about 50 points, or 0.2%, to end near 31,931. The main action resided in the tech-heavy Nasdaq Composite Index COMP, -2.35%, which shed 2.4%, while the S&P 500 index SPX, -0.81% closed down 0.8%, failing to add to Monday’s bounce for the large-cap index. An earnings warning from Snapchat parent Snap SNAP, -43.08% was pegged as a key catalyst for losses in internet stocks, which swept up other social-media companies, including Facebook parent Meta Platforms Inc. FB, -7.62%, Pinterest Inc. PINS, -23.64%, Google parent Alphabet GOOG, -5.14% and Twitter Inc. TWTR, -5.55%.

This article was originally published by Marketwatch.com. Read the original article here.

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