Stocks ease as tech sell-off spreads, data boosts dollar

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The story "Stocks ease as tech sell-off spreads, data boosts dollar" was covered 18 hours ago by Channel News Asia, a news publisher based in Singapore.

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Stocks ease as tech sell-off spreads, data boosts dollar - Channel News Asia

Quick Summary:

NEW YORK :World stock indexes fell on Thursday as a selling mood around high-priced technology stocks crept into the rest of the market, while the dollar index gained after strong U.S.economic data.

The yen came off its highs after daily data showed little fresh evidence of intervention from authorities.It weakened 0.75 per cent against the greenback at 157.36 per dollar.

The Dow Jones Industrial Average closed down 533.06 points, or 1.29 per cent, at 40,665.02, halting a series of consecutive closing highs.The S&P 500 lost 43.68 points, or 0.78 per cent, to 5,544.59.