Mumbai, June 24 -- Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year.

The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, led largely by technology stocks. The Dow Jones Industrial Average, which is less influenced by tech stocks, gave up an early gain and closed just 0.1% lower. The Nasdaq composite fell 2.2%.

Oil prices have eased amid negotiations between the U.S. and Iran to end their war. The price for a barrel of U.S. crude for August delivery fell 0.9% to settle at $73.21. The September delivery price for a barrel of Brent crude, the interna...