Wall Street ends down, pulled lower by growth stocks

NEW YORK, June 28 — US stocks closed lower on Monday, with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have been slammed by heightened inflation worries and tightening Fed policy.

All three indexes are on course to notch two straight quarterly declines for the first time since 2015. They also appear set to post losses for June, which would mark three consecutive down months for the tech-heavy Nasdaq, its longest losing streak since 2015. Rising oil prices CLc1 helped put energy stocks .SPNY out front, with economically sensitive smallcaps .RUT and semiconductors .SOX and transports .DJT also outperforming the broader market.

With several weeks to go until second-quarter reporting commences, 130 S&P 500 companies have pre-announced. Of those, 45 have been positive and 77 have been negative, resulting in a negative/positive ratio of 1.7 stronger than the first quarter but weaker than a year ago, according to Refinitiv data.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Asian stocks buoyed by Wall Street gains as easing oil cools inflation fearsTOKYO, June 27 — Stocks gained in Asia today amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street sheds opening gains on losses in high-growth stocksNEW YORK, June 27 — Wall Street&039;s main indexes fell after opening higher today, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks...
Source: malaymail - 🏆 1. / 86 Read more »

Insight - Fear missing in Wall Street’s slow-motion bear marketFOR all the pain that has piled up in the United States stock market, one thing has been in surprisingly short supply: Fear.
Source: staronline - 🏆 4. / 75 Read more »

Wall Street sheds opening gains on losses in high-growth stocksNEW YORK, June 27 — Wall Street&039;s main indexes fell after opening higher today, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks...
Source: malaymail - 🏆 1. / 86 Read more »