US STOCKS-Wall Street falls in choppy trading as tech sell-off resumes

Wall Street’s three main indexes bounced earlier this week as investors bet on a loose monetary policy by the Federal Reserve, but gains petered out in the absence of firm details on the central bank’s stimulus plan. The S&P 500 and the Nasdaq have also come under pressure from investors rotating out of high-flying tech-related stocks and into industrial and transportation firms. “There’s no urgency to sort of step-up-and-buy the market because a lot of people have many questions about coronavirus, the election, the Federal Reserve and the lack of fiscal stimulus, and then there are questions about valuations,” said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC in New York.

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