Wall St ends lower, pulled down by tech stocks

Published by
Reuters

By Echo Wang (Reuters) – Wall Street ended lower on Monday, weighed down by tech shares as signs of growing inflation worried investors about the potential for tighter monetary policy. Of the 11 major S&P sectors that declined, technology, utilities and communication services were the biggest losers, each down between 0.7% and 0.9%. “What is causing the decline, no surprise to anybody, is the worry about inflation and interest rates,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “As a result that’s causing the growth group, in particular technology and consumer d…

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