Wall Street slips, but tech strength helps it pare losses
By STAN CHOE AP Business Writer
NEW YORK (AP) — Most of Wall Street is pulling lower on Thursday, but the indefatigable rise for big tech stocks is helping the market trim its losses. The S&P 500 was down 0.5% in late afternoon trading, with nearly three quarters of the stocks in the index lower. Among the hardest-hit were banks, oil producers and other companies that most need the economy to pull out of its recession. But stronger-than-expected profit reports from several companies helped the market trim its losses. So did steadying prices for Amazon and other big tech-oriented stocks, which are set to report their own results after Thursday’s trading ends.