NEW YORK - U.S. stocks were mostly lower in a choppy session on Monday following soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts in several equities.). Trading in at least 60 NYSE-listed stocks were halted due to the volatility, before the bourse fixed the technical issue and activity resumed.
"What you're seeing when you look at the overall market is that it is trading down based on growth concerns relative to the continuation of more sluggish economic data," said Keith Lerner, co-chief investment officer at Truist Advisory Services in Atlanta.was lower, dragged down by energy and industrial equities. The Nasdaq edged higher from early losses. Benchmark U.S. 10-year note yields fell to a two-week low following the soft manufacturing data.
"Not only is the overall market down, the 10-year Treasury note is down about 8 basis points, and that's another signal that investors are concerned about economic growth because they're now buying the 10-year," Lerner added.fell 296.72 points, or 0.77%, to 38,389.60, the S&P 500 lost 20.02 points, or 0.39%, to 5,256.85 and the) was up 3.6% after CEO Jensen Huang revealed that the company's next-generation AI chip platform would be rolled out in 2026.
Declining issues outnumbered advancers by a 1.2-to-1 ratio on the NYSE. On the Nasdaq, 1,848 stocks rose and 2,309 fell as declining issues outnumbered advancers by a 1.25-to-1 ratio.
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