Tech Leads Stock Retreat Ahead of Megacap Earnings: Markets Wrap

(Bloomberg) — U.S. equities slipped from all-time highs as technology shares faltered ahead of a batch of earnings reports from industry heavyweights.

The S&P 500 fell for the first time in three sessions, with Tesla Inc. and Alphabet Inc. the biggest contributors to the decline. The tech-heavy Nasdaq 100 fell the most among the major U.S. indexes. 3M Co. weighed down the Dow Jones Industrial Average after it warned that rising costs for raw materials and transportation is a worsening…


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