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Market wrap-up
Updated: 2020-07-08 05:57:50 KST
Now for your market update.
The recent Wall Street rally hit pause on Tuesday,… as mega-cap tech shares lost steam and with lingering COVID-19 concerns dragging on investor sentiment.
The Dow Jones lost one-and-a-half percent.
And the S&P 500 dropped 1-percent to 31-45,… while the NASDAQ, which hit a record high earlier in the day, closed about a percent lower at 10-thousand 343.
Oil prices were also down on concerns that a surge in COVID-19 cases in the U.S. will dent the recovery in fuel demand.
Brent crude fell half-a-percent and WTI was down point 4-percent to finish at 40 dollars 50 cents a barrel.
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