TokenPost
Wall Street Seeks Direction as Tech Shares Face Renewed Selling | TokenPost
xCruzo Brief
On Oct. 13 at 9:56 a.m. ET, the Dow Jones Industrial Average rose 0.2% as investors tried to find direction amid renewed pressure on technology stocks. Trading also reflected processing of bank earnings, which were a key focus for the session. While the Dow gained slightly, the S&P 500 and Nasdaq Composite were also looking for a clearer trend. Technology shares remained under pressure, adding uncertainty on top of a backdrop shaped by Monday’s mixed close. That prior session saw oil prices rise and semiconductor stocks weaken ahead of bank earnings and upcoming inflation data.
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