U.S. equities closed lower on Tuesday as large-cap technology stocks fell more than 1%, while a Senate vote delay raised heighten policy uncertainty.
The Dow Jones Industrials reeled 98.89 points at 21,310.66, with 3M and Apple leading decliners. The index fell after multiple reports said the Senate will hold off on voting on a bill to repeal and replace Obamacare until after the July 4 recess.
The S&P 500 got punished 19.69 points to 2,419.38,
The NASDAQ stumbled 100.53 points, or 1.6%, to 6,146.62, as shares of Google-parent Alphabet fell more than 2%. The European Union fined Google a record $2.7 billion U.S., as regulators ruled the company violated antitrust rules.
Shares of Facebook, Netflix and Amazon followed Alphabet lower, closing at least 1.5% lower.
Technology stocks have been closely watched by Wall Street this year as the sector has outperformed. Entering Tuesday's session, the sector had gained nearly 20% so far this year.
In economic news, consumer confidence for June topped expectations, hitting 118.9. Economists expected a print of 116.
Prices for the benchmark 10-year Treasury note stumbled, raising yields to 2.21% from Monday’s 2.14%. Treasury prices and yields move in opposite directions.
Oil prices vaulted 88 cents to $44.26 U.S. a barrel
Gold prices gained $3.60 to $1,250.00 U.S. an ounce.
