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VOL. 46 | NO. 1 | Friday, January 7, 2022

More weakness in technology stocks leaves US indexes lower

The Associated Press

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More declines in big technology stocks pulled major indexes lower on Wall Street, driving the market further into the red on the first week of the year.

The S&P 500 wobbled between gains and losses for much of the day Thursday before closing down 0.1%. Weakness in big tech companies like Apple was the main culprit.

The Nasdaq also fell 0.1% and the Dow Jones Industrial Average fell 0.5%.

Small-company stocks bucked the trend and closed higher.

Bond yields continued to rise a day after the Federal Reserve indicated it was ready to raise interest rates to fight off inflation.

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