Stocks fall as trading starts for year of great expectations

  • 📰 politico
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks are falling from their record highs this morning, as trading gets underway in a year where the dominant expectation is for a powerful economic rebound to eventually sweep the world

U.S. stocks are falling from their record highs Monday, as trading gets underway in a year where the dominant expectation is for a powerful economic rebound to eventually sweep the world.

Elsewhere in the world, stocks fell in Japan as officials there mull a state of emergency due to surging virus cases. But optimism was more prevalent in other markets. Most European and Asian stock indexes were higher, while Treasury yields climbed in a signal of rising expectations for economic growth and inflation.

The hope in markets had been that vaccines will allow daily life around the world to slowly return to normal. That's helped spark a recent recovery for stocks of travel-related businesses, smaller companies and other industries left behind for much of the pandemic. “Investors should look through the bumpier start to the new economic cycle and focus on the improved earnings outlook,” Craig said.

More than 80% of stocks in the S&P 500 were falling Monday. On the losing end of the market were several Big Tech stocks. Apple slipped 2.4%, Microsoft fell 2.2% and Amazon lost 2.1%. Because they're so massive in size, the movements of Big Tech stocks have much more sway over the S&P 500 than other companies. Those three were the biggest drags on the index.

In European stock markets, France’s CAC 40 gained 0.7%, and Germany’s DAX returned 0.1%. The FTSE 100 in London rose 1.8%.

 

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

 /  🏆 381. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stocks to buy: These 20 stocks could be the next GameStop - Jefferies - Business InsiderJefferies says these 20 heavily shorted and lightly traded stocks could see big jumps in the event of a GameStop-like squeeze What stocks are they I’m not paying for this damn article there ya go. attack the 99% with their own tools. the SEC should be watching how you use media to manipulate the market...the irony nice
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks to buy, 17 EV and green stocks shrugging bubble worries: MSMorgan Stanley says buy these 17 EV and green stocks which are shrugging off any 'bubble' concerns — including one that could rally almost 60%
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks to buy: Cheap stocks for the reopening trade - Goldman SachsGOLDMAN SACHS: Buy these 38 cheap stocks set to soar as the world's largest economies reopen - including one with an upside of 65%
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks to buy, 29 cheap stocks set to generate higher earnings: GSGoldman Sachs says to buy these 29 cheap stocks set to generate higher earnings next year as interest rates and bond yields continue to rise Watch this:
Source: BusinessInsider - 🏆 729. / 51 Read more »

Value stocks are so in favor they’ve become momentum stocksIt's the holy grail of quant investing, these analysts enthuse: cheap stocks with great earnings momentum, which in turn drives outperformance. Really? Is that why they're soaked in blood across the board? Can we go somewhere today? How’s this tweet aging? Like milk?
Source: MarketWatch - 🏆 3. / 97 Read more »

Japan stocks set to dip as investors watch tech stocks following Wall Street sell-offThe tech-heavy Nasdaq Composite fell about 2% overnight on Wall Street. Sux Awesome Please donate, share or retweet, help baby Joshua win his fight against acute lymphocytic leukemia (ALL)—blood cancer. He’s relying on the success of chemotherapy & a life-saving stem cell transplant. Please help to give Joshua a fighting chance:
Source: CNBC - 🏆 12. / 72 Read more »