Midday Report: Arconic Falls on Reports of Ties to Grenfell Fire; Tech Makes Turn Lower

The Nasdaq led losses on Wall Street as tech resumed a selloff that hit the sector mid-June. Healthcare was also under pressure ahead of an expected vote on the GOP repeal-and-replace bill later this week. Arconic Inc. (ARNC) - Get Report slumped after being named as the producer of aluminum steel used in the Grenfell Tower. A fire at Glenfell Tower in the U.K. this month killed at least 79 people. Avis Budget Group Inc. (CAR) - Get Report rose after reaching a deal with Alphabet self-driving car branch Waymo to manage its fleet of vehicles. Avis will store the fleet in Phoenix where Alphabet is currently testing its driving technology. GrubHub (GRUB) - Get Report fell after being downgraded to equal weight from overweight at Morgan Stanley. The firm pointed to increased online competition, including from Amazon.com Inc. (AMZN) - Get Report .