All three major U.S. stock indices ended in the red yesterday dragged by tech and tech-adjacent megacap shares as investors digested mixed quarterly earnings and signs of economic resiliency that could encourage the Federal Reserve to keep interest rates at a restrictive level longer than expected.

The Dow Jones Industrial Average lost 0.8 percent, the S&P 500 fell 1.2 percent and the Nasdaq Composite declined 1.8 percent