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The stock ends mostly lower, extending the loss streak for the S&P 500 | Associated Press

NEW YORK (AP) – Shares closed a shaky trading day on Monday on Wall Street, extending the loss zone for markets.

The wider market is in the midst of a downturn as investors try to assess how companies and consumers are dealing with high prices and whether central banks can help alleviate the problem. Major indexes have been declining since early April.

“Time is the most important factor here,” said Mark Hackett, head of investment research at Nationwide. “Now moods and emotions are winning, but in the end the reality of a fundamentally good background will prevail.”

Corporate incomes have been mostly good, he said, and consumer spending has kept up with inflationary pressures. But the market is likely to remain volatile and may experience more losses until some concerns about inflation are reduced.

The S&P 500 fell 15.88 points, or 0.4%, to 4,008.01. The base index comes from a six-week series of losses. The Dow Jones Industrial Average rose 26.76 points, or 0.1%, to 32,223.42.

The technological Nasdaq has plummeted. It decreased by 142.21 points, or 1.2%, to 11,662.79.

Technology stocks were among the most unprofitable after pushing and pulling the market all day. Apple fell 1.1%. Large technology companies with their expensive prices tend to push the broad market both up and down. The sector has been particularly important as investors worry about high inflation and rising interest rates.

Retailers also suffered some of the biggest losses. Amazon fell 2% and Starbucks fell 4.2%.

Energy stocks and medical companies have gained a position. Chevron rose 3.1% and Eli Lilly 2.7%.

Bond yields fell. Yields on 10-year Treasury bonds fell to 2.89% from 2.94% on Friday at the end.

Spirit Airlines rose 13.5% after JetBlue said it would make a hostile offer to the budget carrier after Spirit rejected its previous bids.

Defense contractor ManTech jumped 15% after investment company Carlyle Group said it would buy a defense contractor.

The Federal Reserve is in the process of lowering the benchmark short-term interest rate from a record low to near zero, where it has spent most of the pandemic. He also said he could continue to raise rates twice as much as usual in upcoming meetings. Investors are worried that the central bank could cause a recession if it raises rates too high or too fast.

Prolonged supply chain problems continue to fuel inflation, and Recent blockades in China due to COVID-19 expressed concern that they could deteriorate. Russia’s war against Ukraine has made already high energy prices even more volatile, which could also trigger rising inflation.

U.S. oil prices rose 3.4 percent on Monday and rose more than 50 percent year-over-year. Natural gas prices rose 3.8% and more than doubled in 2022.

Wall Street is closely monitoring how consumers are responding to inflationary pressures, and this week will receive several messages from the U.S. government and major retailers. The Department of Commerce on Tuesday will release a report on retail sales for April.

Home Depot and Walmart will announce their latest financial results on Tuesday, and Target – on Wednesday.

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