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Business & Tech

Stock market today: Wall Street slips as technology stocks drag on the market

NEW YORK (AP) — Technology stocks are dragging down the market as Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.6%, with more than 80% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the ...

Holiday shoppers increased spending by 3.8% despite higher prices

Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year ...

China sanctions 7 companies over US military assistance to Taiwan

BEIJING (AP) — The Chinese government placed sanctions on seven companies on Friday in response to recent U.S. announcements of military sales and aid to Taiwan, the self-governing island that China claims as part of its territory. The sanctions also come in response to the recent approval ...