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Stocks under pressure as investors dump tech again

Yahoo Finance

Stocks (^DJI, ^GSPC, ^IXIC) are selling off at the midday mark, with the tech (XLK) and consumer discretionary (XLY) sectors leading the way down, while real estate (XLRE) and utilities (XLU) are still in the green. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman, Nicole Sinclair and JP Mangalindan.

Today’s Midday Movers topics:

  • Third parties selling BABA products on AMZN for 3X price

  • Reselling: impact on the global economy

  • Investor concerns over soft economic data

  • Tech stocks leading selloff again

  • What Fed policy means for investors

  • Yahoo exclusive: Uber to be run by 14 execs

  • Low gas prices, strong economy fuel uptick in driving plans

  • Airline customer complaints soar in April, month of United dragging incident

  • Rocker Gene Simmons wants to patent hand gesture