An afternoon drop led by big technology stocks left major market indexes broadly lower on Wall Street Tuesday.
The S&P 500 lost 0.9%, with most of those losses coming in the last hour of trading. Apple, Facebook and Google’s parent company all lost 1% or more. Walmart rose after reporting strong results driven by higher online sales.
AT&T had the biggest loss in the S&P 500 a day after the company said it would offload its recently acquired media businesses including HBO and CNN into a new company with assets from Discovery Communications.