Technology Companies Fall Sharply, Leading US Indexes Lower
The bond sell-off was triggered early Tuesday as investors reacted to remarks from European Central Bank President
Mario Draghi, who expressed optimism over the future of the economy of the 19-country eurozone.
Alphabet, Google’s parent company, slid 2.5 percent after the European Union slapped the online search giant with a $2.7 billion fine.
Penney shares rose 15 cents to $4.82.
The Standard & Poor’s 500 index fell 19.69 points, or 0.8 percent, to 2,419.38.
Investors also weighed new data on U. S. home prices and consumer confidence.
Technology stocks led a broad slide in U. S. stocks Tuesday after a day of mostly choppy trading.
