Tech sector’s slump drags down S&P 500

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Tech sector’s slump drags down S&P 500

The S&P 500’s information-technology sector was dropping sharply heading toward the closing bell on Tuesday, dragging down the U.S. equities benchmark.

Technology was slumping 2%, according to FactSet data, at last check. Tech is the biggest sector in the S&P 500 index, which was falling 0.8% in late-afternoon trading Tuesday.