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AP National Business

Stocks end lower on Wall Street, ending 8-day winning streak

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Published 3:15 PM

By DAMIAN J. TROISE
AP Business Writer

Stocks ended moderately lower on Tuesday, ending an eight-day winning streak for the market that had been fueled by strong company earnings and economic data. The market was pulled lower by companies that rely on consumer spending and technology stocks, which had driven the market higher in recent days. Tesla lost 12% after its founder Elon Musk said he would sell 10% of his holdings in the electric car maker. PayPal dropped 11% after the company’s cut its full-year outlook and revenue forecasts. General Electric shares rose 2.6% after it announced it would break into three different companies.

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