US stock indexes end mixed as tech companies slide further

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>US stock indexes found their footing after a sharp early loss and finished mixed&comma; with technology companies sinking for the third day in a row&period;<&sol;p>&NewLine;<p>Stocks slumped in morning trading following big declines late last week&period; Some of the largest losses went to technology companies&comma; including payment and credit card companies&period;<&sol;p>&NewLine;<p>Indexes in Europe also dropped as Italy vowed to ramp up spending that will increase its deficit&period;<&sol;p>&NewLine;<p>A sharp increase in bond yields last week had startled investors and prompted them to shift money out of stocks&period; Bond markets in the US were closed for the Columbus Day holiday and stock trading was relatively light&period;<&sol;p>&NewLine;<p>Banks&comma; which often rise with interest rates&comma; continued their advance&period; High-dividend companies&comma; which tend to fall when yields go up&comma; recovered some of their losses from last week&period;<&sol;p>&NewLine;<p>Kristina Hooper&comma; chief global market strategist for Invesco&comma; said technology companies have dropped because investors are concerned they are vulnerable as the Trump administration wraps up trade negotiations with Mexico&comma; Canada and Korea and zeroes in on China&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The US has made very significant concessions &lpar;to those countries&rpar;&comma; and I expect them to do that with Japan as well&comma;” she said&period; &OpenCurlyDoubleQuote;The ultimate goal is to bring China to its knees&period;”<&sol;p>&NewLine;<p>The S&amp&semi;P 500 index dipped 1&period;14 points to 2&comma;884&period;43&comma; and the Dow Jones Industrial Average reversed an early loss of 223 points and rose 39&period;73 points&comma; or 0&period;2&percnt;&comma; to 26&comma;486&period;78&period;<&sol;p>&NewLine;<p>The Nasdaq composite sank 52&period;50 points&comma; or 0&period;7&percnt;&comma; to 7&comma;735&period;95&comma; and the Russell 2000 index slipped 2&period;60 points&comma; or 0&period;2&percnt;&comma; to 1&comma;629&period;51&period; The Nasdaq and Russell are each coming off their worst week since late March&period;<&sol;p>&NewLine;<p>Among payment technology companies&comma; PayPal slid 3&period;2&percnt; to 80&period;55 dollars and Mastercard fell 2&period;3&percnt; to 208&period;26 dollars&period; Other technology companies also struggled&comma; as Microsoft lost 1&period;1&percnt; to 110&period;85 dollars&period;<&sol;p>&NewLine;<p>Alphabet&comma; Google’s parent company&comma; fell 1&percnt; to 1&comma;155&period;92 dollars after it said the profiles of as many as 500&comma;000 Google Plus accounts were exposed by a bug&period; The company said it is ending Google Plus for consumers&period;<&sol;p>&NewLine;<p>Ms Hooper said technology companies have been returning big profits this year&comma; so investors have been slow to recognise the harm that could come from the trade spat&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;There’s the potential for China to place an embargo on rare earth metals&comma; which would be very disruptive to some parts of the tech industry&comma;” she said&period; &OpenCurlyDoubleQuote;Tech is not going to be unscathed in a trade war&period;”<&sol;p>&NewLine;<p>Italy’s deputy premier vowed to press ahead with a plan to increase spending and the country’s deficit even after the European Commission expressed &OpenCurlyDoubleQuote;serious concern” about the notion&period;<&sol;p>&NewLine;<p>Italy’s FTSE MIB dropped 2&period;4&percnt; and Italian bond prices dropped&comma; sending yields higher&period; Germany’s Dax fell 1&period;4&percnt; and the Cac 40 in France sank 1&period;1&percnt;&period; In Britain&comma; the FTSE 100 fell 1&period;2&percnt;&period;<&sol;p>&NewLine;<p>The euro sank to 1&period;1488 dollars from 1&period;1525&period;<&sol;p>&NewLine;<p>China’s government injected money into its cooling economy by reducing the level of reserves banks are required to hold&comma; and its central bank told Chinese banks to lend more to entrepreneurs&period;<&sol;p>&NewLine;<p>Chinese leaders are trying to shore up economic growth that began to cool after Beijing tightened lending controls last year to rein in a debt boom&period;<&sol;p>&NewLine;<p>Hong Kong’s Hang Seng retreated 1&period;4&percnt; and the Kospi in South Korea fell 0&period;6&percnt;&period; Japanese markets were closed for a holiday&period;<&sol;p>&NewLine;<p>Brazil’s main stock index staged its biggest rally in two and a half years&comma; jumping 4&period;6&percnt; for its highest close since May after far-right candidate Jair Bolsonaro led the first round of presidential voting by an unexpectedly wide margin&period; He is now the favourite in the final election later this month&period;<&sol;p>&NewLine;<p>With bond markets in the US closed&comma; the yield on the 10-year Treasury note&comma; an important benchmark for mortgages and other types of long-term loans&comma; stayed at 3&period;22&percnt; – the highest in more than seven years&period;<&sol;p>&NewLine;<p>BB&amp&semi;T gained 1&period;5&percnt; to 9&period;74 dollars and M&amp&semi;T Banks rose 1&period;1&percnt; to 170&period;09 dollars&period;<&sol;p>&NewLine;<p>High-dividend stocks rose on Monday&period; Those stocks are often treated as an alternative to bonds because of their large payments to shareholders&comma; which are similar to the yields from bonds&period;<&sol;p>&NewLine;<p>Real estate investment trust Crown Castle International gained 1&period;4&percnt; to 110&period;27 dollars and Coca-Cola climbed 1&period;3&percnt; to 46&period;48 dollars&period;<&sol;p>&NewLine;<p>Benchmark US crude slid 0&period;1&percnt; to 74&period;29 dollars a barrel in New York and Brent crude&comma; used to price international oils&comma; dropped 0&period;3&percnt; to 83&period;91 dollars a barrel in London&period;<&sol;p>&NewLine;<p>Wholesale gasoline rose 0&period;4&percnt; to 2&period;09 dollars a gallon&comma; heating oil inched up 0&period;1&percnt; to 2&period;39 dollars a gallon&comma; and natural gas jumped 3&period;9&percnt; to 3&period;27 dollars per 1&comma;000 cubic feet&period;<&sol;p>&NewLine;<p>Gold lost 1&period;4&percnt; to 1&comma;188&period;60 dollars an ounce and silver slipped 2&period;2&percnt; to 14&period;33 dollars an ounce&period; Copper rose 0&period;1&percnt; to 2&period;77 dollars a pound&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68eceb3460244">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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