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Business

S&P 500 erases early gain as technology, financial shares slump

The Dow inched up but the S&P 500 fell a second day as a slump in tech and financial shares reversed a light-volume rally earlier in the day on retail sales, up 0.8% in July for the first gain in four months. Stocks worldwide had gained after Germany said GDP rose 0.3%, more than was forecast, and France’s GDP was static, not the 0.1% predicted fall.