Shares of technology companies fell as traders rotated out of growth sectors, which have risen to lofty valuations, and into value sectors, which are cheaper relative to earnings prospects.
Shares of Tesla ticked down, as investors eyed potential losses on cryptocurrency markets and an increasingly competitive electric-vehicle industry.
Chip giant Nvidia, which has benefited from pandemic-era booms in cryptocurrency mining and videogaming, fell despite reporting robust quarterly sales growth.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-27-21 1705ET
