Tech and tobacco drag stocks into red for first time this week
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Gina Heeb
Apr 20, 2018, 01:49 IST
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Stocks closed lower for the first time this week on Thursday, dragged down by the tech sector. Commodities held near multi-year highs, and inflation jitters pushed bonds lower.
Members of NAFTA still have their sights set on an early deal. The US, Mexico, and Canada are reportedly meeting to negotiate in Washington this week.
Shares of Philip Morris International plunged more than 15%. Reports of declining cigarette volumes and slow growth put the stock on track for its worst drop in a decade.
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