The dollar had its strongest day in almost a month while shares of big tech companies rose on Tuesday, after a stronger than expected jump in US consumer prices rippled through currency and equity markets.
Despite Wall Street’s blue-chip S&P 500 index slipping 0.4 per cent, the technology sector of the index bucked the trend, rising 0.4 per cent. The tech-heavy Nasdaq Composite index also gave up early gains, falling to a 0.4 per cent loss.
While the broad indices slipped — with 85 per cent of the companies within the S&P 500 finishing the day lower — shares of big tech groups including Apple and Microsoft advanced.
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