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Markets Right Now: Tech rout erases market's gain for year

Nov 20, 2018 - Associated Press

NEW YORK (AP) - The latest on developments in financial markets (all times local):

4 p.m.

Stocks are closing sharply lower, erasing the market's gains for the year, as losses for big technology companies like Apple mount.

Apple sank 4.8 percent Tuesday.

Retailers also fell sharply. Target plunged 10.5 percent after reporting weak results. Victoria's Secret parent company L Brands fell 17.7 percent.

Energy companies slumped as the price of oil sank 6.6 percent. Devon...