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rdf:type	schema:NewsArticle
schema:articleBody	Tech shares had another ugly session on Wall Street Wednesday following disappointing US economic data and amid ongoing worries over rising Treasury yields. New data showed lackluster services sector activity and private-sector job growth that lagged expectations in February. Investors are also keeping an eye on US Treasury yields, which resumed an upward climb, a warning sign of inflation concerns that revived fears the Federal Reserve will move to raise interest rates. Higher yields "put people a little on edge," said Briefing.com analyst Patrick O'Hare. The Dow Jones Industrial Average dropped 0.4 percent to close the session at 31,270.09. The broad-based S&P 500 fell 1.3 percent to 3,819.72, while the tech-rich Nasdaq Composite Index tumbled 2.7 percent to 12,997.75. Worries about inflation offset the improving outlook for vaccinations after US regulators approved Johnson & Johnson's vaccine and President Joe Biden said there would be sufficient supply for all American adults by the end of May. A Fed report said activity in the American economy expanded only "modestly" and job gains were slow in recent weeks, but firms are becoming more upbeat about their prospects as Covid-19 vaccines are rolled out nationwide. Among individual stocks, Las Vegas Sands rose 1.3 percent after reaching an agreement to sell the Venetian Resort and other Las Vegas assets for $6.3 billion to a group of investors managed by Apollo Global Management. Lyft surged 8.3 percent after the ride-hailing company described improving demand in February, including its best week for volume since March 2020. jmb/hs
schema:headline	Tech shares tumble amid revived fears of inflation
schema:mentions	O'Hare International Airport S&P 500 Index United States Department of the Treasury Las Vegas Strip Dow Jones Industrial Average Lyft Johnson & Johnson Federal Reserve Inflation Joe Biden Vaccine United States President of the United States Coronavirus disease 2019 The Venetian Macao Las Vegas Sands Apollo Global Management Lackluster Danica Patrick NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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