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Wall Street closed lower as shares of Apple and Tesla declined



Wall Street closed lower on Tuesday, weighed by losses in Apple and Tesla shares, while core resource stocks rose while investors awaited the US Congress's approval of another stimulus package.


In the wake of strong gains in the previous session, technology stocks fell as investors moved from stocks that showed strong performance due to the Coronavirus pandemic to other sectors seen as likely to do well as the economy recovers.


Electric car maker Tesla fell more than 4 percent, while Apple shares fell 2 percent.


The yield on the benchmark 10-year US Treasury bonds stabilized after hitting the highest level in a year last week.


The Dow Jones industrial average ended the trading session down 0.46 percent to 31,390.47 points, while the benchmark S&P 500 index fell 0.81 percent to close at 3,870.29 points.


The Nasdaq Composite Index closed 1.69 percent down at 13,358.79 points.

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