Tech, health stocks slip; Amazon hits $1 trillion

The Associated Press

Tuesday Sep 4, 2018 at 10:56 AM Sep 4, 2018 at 4:44 PM

NEW YORK — U.S. stocks are closing lower as technology and health care companies take losses.

Facebook lost 2.6 percent Tuesday and drugmaker Amgen lost 1.8 percent. fell 6 percent after the CEO of the Chinese e-commerce company was arrested in Minneapolis on suspicion of criminal sexual conduct. said Richard Liu returned to China after his release.

Amazon rose 1.3 percent and briefly traded above $1 trillion in market value. It finished slightly below that mark. Apple was the first publicly traded U.S. company valued at $1 trillion.

The S&P 500 index lost 4 points, or 0.2 percent, to 2,896.

The Dow Jones Industrial Average fell 12 points, or 0.1 percent, to 25,952. The Nasdaq composite sank 18 points, or 0.2 percent, to 8,091.

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