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Markets Right Now: Tech companies lead stocks broadly lower


December 1, 2019

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

4 p.m.

Technology companies led stocks broadly lower, getting the market off to a weak start for the month after a strong November.

Adobe fell 2.2% Monday and Applied Materials gave up 2.1%.

Traders were focusing on more tensions between the U.S. and China and weak reports from the U.S. on manufacturing and construction spending.

Homebuilders fell broadly after a government report showed that spending on construction projects declined unexpectedly in October. Hovnanian Enterprises slumped 6.7%.

Energy compa...

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