US Stock Market: DJIA, S&P500, Nasdaq and Russell ended mixed on Monday
- The S&P 500 fell 11.63 points, or 0.3%, to 3,900.11
- The Dow Jones fell 62.42 points, or 0.2%, to 31,438.26
- The Nasdaq fell 83.07 points, or 0.7%, to 11,524.55
- The Russell 2000 rose 6.01 points, or 0.3%, to 1,771.74
Wall Street ended a shaky trading day on a mixed note Monday, giving up some of the market’s gains after a record-winning week.
The S&P 500 fell 0.3% after fluctuating between minor gains and losses all day. The Dow Jones Industrial Average dipped 0.2%, while the Nasdaq dropped 0.7%. Small-company shares climbed, while the New York Stock Exchange saw more equities rise than fall.
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The S&P 500 dropped 11.63 points to 3,900.11. The Dow fell 62.42 points to 31,438.26 points, while the Nasdaq down 83.07 points to 11,524.55.
Smaller firm equities outperformed the broader market. The Russell 2000 index increased by 6.01 points, or 0.3%, to 1,771.74.
European markets also ended up mixed. Asian markets closed higher overnight.
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Technology and communication stocks were among the biggest drag on the market. Microsoft fell 1%, while Electronic Arts slid 3.5%.
Several big retailers and travel-related companies also fell. Amazon and Carnival each fell 2.085%.
Those losses checked gains elsewhere in the market, including energy stocks, which rose as the price of U.S. crude oil climbed 1.8%. Exxon Mobil rose 2.5%.
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Robinhood Markets jumped 14% following a published report suggesting that cryptocurrency exchange FTX is considering buying the popular trading app company. In May, FTX CEO Samuel Bankman-Fried bought a 7.6% stake in Robinhood, according to a filing with U.S. regulators.
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Treasury yields rose. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 3.20% from 3.12% late Friday.
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The market rally last week was a welcome relief in the midst of a deep slump for Wall Street as investors worry about the path of inflation and whether rising interest rates will temper the impact to businesses and consumers or push the economy into a recession.
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