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 * Markets
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S&P 500, NASDAQ FINISH LOWER AS TECH STOCKS DROP


NASDAQ SLIDES MORE THAN 2%; NEW-HOME SALES DATA BELOW ECONOMISTS’ EXPECTATIONS

TRADERS WORKED ON THE FLOOR OF THE NEW YORK STOCK EXCHANGE ON MONDAY.

Photo: Spencer Platt/Getty Images
By
y Matt Grossman and
Caitlin McCabe
Updated May 24, 2022 5:07 pm ET

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U.S. stock indexes ended mostly lower and a selloff in technology stocks
deepened as concerns about economic growth and rising interest rates continued
to weigh on markets. 

The S&P 500 fell 32.27, or 0.8%, to finish Tuesday at 3941.48. The tech-heavy
Nasdaq Composite slid 270.83, or 2.3%, to 11264.45. The Dow Jones Industrial
Average rallied near the closing bell to finish up 48.38, or 0.2%, at 31928.62,
after declining as much as 1.6% intraday.

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