U.S. stocks ended lower on Monday as investors braced for a busy week of economic data and looked for more catalysts to take the market higher following a boost from Nvidia last week.How stocks traded
The Dow Jones Industrial Average
DJIA
dropped 62.30 points, or 0.2%, to close at 39,069.23, according to Dow Jones Market Data.
The S&P 500
SPX
declined 19.27 points, or 0.4%, to end at 5,069.53.
The Nasdaq Composite
COMP
fell 20.57 points, or 0.1%, to finish at 15,976.25.
The Dow last week rose 1.3%, notching its 14th record close of 2024 on Friday, while the S&P 500 posted a weekly advance of 1.7% and its 13th record finish of the year. The Nasdaq Composite rose 1.4% for the week, after briefly trading above its record close from Nov. 19, 2021, on both Thursday and Friday.
What happended The Dow fell on Monday as the 2-year Treasury yield ended at its highest level in three months, and as investors look past the recent earnings results from Big Tech companies, José Torres, senior economist at Interactive Brokers, said in a call. Stocks rallied last week, with Nvidia Corp.
NVDA,
+0.35%
surging in the wake of its stronger-than-expected quarterly results. “We are encouraged by the stock-market rally so far this year, which is being driven in large part by better-than-expected earnings and excitement over artificial intelligence, which is helping to overshadow the market’s fears that the [Federal Reserve’s] rate cuts may be delayed due to persistent inflation,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management in Punta Gorda, Fla., which has $1 billion in assets under management. Landsberg said he expects 2024 …
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The Dow Jones Industrial Average
DJIA
dropped 62.30 points, or 0.2%, to close at 39,069.23, according to Dow Jones Market Data.
The S&P 500
SPX
declined 19.27 points, or 0.4%, to end at 5,069.53.
The Nasdaq Composite
COMP
fell 20.57 points, or 0.1%, to finish at 15,976.25.
The Dow last week rose 1.3%, notching its 14th record close of 2024 on Friday, while the S&P 500 posted a weekly advance of 1.7% and its 13th record finish of the year. The Nasdaq Composite rose 1.4% for the week, after briefly trading above its record close from Nov. 19, 2021, on both Thursday and Friday.
What happended The Dow fell on Monday as the 2-year Treasury yield ended at its highest level in three months, and as investors look past the recent earnings results from Big Tech companies, José Torres, senior economist at Interactive Brokers, said in a call. Stocks rallied last week, with Nvidia Corp.
NVDA,
+0.35%
surging in the wake of its stronger-than-expected quarterly results. “We are encouraged by the stock-market rally so far this year, which is being driven in large part by better-than-expected earnings and excitement over artificial intelligence, which is helping to overshadow the market’s fears that the [Federal Reserve’s] rate cuts may be delayed due to persistent inflation,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management in Punta Gorda, Fla., which has $1 billion in assets under management. Landsberg said he expects 2024 …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]