Stocks pull back from records, weighed down by tech, energy

  • 📰 latimes
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 82%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Technology and energy companies helped pull stocks lower on Wall Street on Monday, a downbeat start to the week after the market's best weekly gain since February.

Elite grocery chain Erewhon is embarking on an aggressive expansion in Southern California. Started as a humble bulk grains outlet, its cult success is rewriting the rules of the supermarket business.

Stocks have been mostly pushing higher, despite a volatile stretch in late November as worries about the rise of the Omicron variant of the coronavirus initially roiled markets. Some of those concerns eased last week amid encouraging signs that the variant may be less dangerous than Delta. Several big pharmaceutical companies, including COVID-19 vaccine makers Moderna and Pfizer, were among the biggest gainers in the S&P 500 on Monday. Moderna jumped 5.8% for the biggest gain in the index.More than 60% of the stocks in the S&P 500 fell, with technology stocks, banks and a mix of companies that rely on consumer spending weighing the index down most. Nvidia fell 6.8% for the biggest drop in the S&P 500. Bank of America dropped 2.1% and General Motors slid 6.5%.

In addition to the Federal Reserve’s policy statement, investors will be monitoring several economic reports this week to gain more insight into economic growth as 2021 comes to a close and the world continues to try to shake off the effects of COVID-19.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

When I lost my job, I thought I’ve lost it all... with the little cash of $7,000 Bryant_William_ turned that into $39,000 in just 5days 😃😃 he may not know it, but he really has saved my life Bryant_William_

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. stocks struggle as omicron steals the headlines ahead of BoE meetingIt's a sluggish day for the FTSE 100 as the government warns over surging COVID cases in the country. Run to safehaven plays…USD/JPY AND ALSO LOVING $TAK WHICH BASICALLY FOLLOWS YEN…Also Takeda is in a buying back share spree so if the dollar drops and yen rises what you think Takeda gonna do…USD dropping JPY rising…the EUR is dropping due to Omicron 'Omicron'? Interest rates Inflation Debt levels Looming recession Transportation slowdowns Supply chains disrupted
Source: MarketWatch - 🏆 3. / 97 Read more »

Meme stocks AMC and GameStop tumble to lowest levels in months as investors take off riskSpeculative trades including GameStop and AMC Entertainment were hit hard Monday, as investors dumped risky meme names after a head-turning year. Can this headline be true with a 90% buy ratio? Nah. There’s a huge amount of in the money puts creating this price on $GME. It’s essentially gaslighting. Kinda like what you guys do come to think of it. Also, $GME was never a meme stock. buying every dip. not leaving
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks dip as Omicron spreads, Fed decision loomsAsian stocks and oil prices slipped on Tuesday as the spread of the Omicron coronavirus variant rattled investors who were already on edge ahead of a slew of central bank decisions this week, including a key Federal Reserve meeting. When I lost my job, I thought I’ve lost it all... with the little cash of $7,000 Bryant_William_ turned that into $39,000 in just 5days 😃😃 he may not know it, but he really has saved my life Bryant_William_ US futures slipped in red now.. The crisis is over, everything will be fine
Source: Reuters - 🏆 2. / 97 Read more »

How A Sleepy Southern Chain Became One Of The Pandemic's Top Performing StocksDillard's, the department store owned by a secretive clan, has hit 50-year highs, far outpacing rivals like Nordstom, Macy's and Kohl's. Ser $$ Pey People shrey Music Pley.. Radio Dey 3..on.. . usually.. pet Recycle
Source: Forbes - 🏆 394. / 53 Read more »

These 6 overvalued stocks are making the S&P 500 look more pricey than it really isOPINION: Apple, Amazon and Alphabet will not dominate the stock market in a decade’s time. That's because stocks that top market-cap rankings usually underperform on average over the next decade. SocialFi will taking the world 🤑 _masterinvestor AI/5G space will be the next decade leaders.
Source: MarketWatch - 🏆 3. / 97 Read more »

Asia stocks edge higher, Fed stars in central bank extravaganzaAsian stocks crept higher on Monday as investors prepared to tiptoe through a minefield of 17 central bank meetings this week and the likely early end to U.S. policy stimulus. Monitoring temperature and humidity are essential in server rooms to ensure the right conditions to operate and to provide alerts in any issues that may arise temperature humidity serverroom monitoring solution crac hvac airflow aisle sensors
Source: Reuters - 🏆 2. / 97 Read more »