Xinhua
23 Feb 2021, 07:55 GMT+10
NEW YORK, Feb. 22 (Xinhua) -- U.S. stocks finished mixed on Monday amid a noticeable pullback in the tech sector.
The Dow Jones Industrial Average rose 27.37 points, or 0.09 percent, to 31,521.69. The S&P 500 dipped 30.21 points, or 0.77 percent, to 3,876.50. The Nasdaq Composite Index shed 341.41 points, or 2.46 percent, to 13,533.05.
Six of the 11 primary S&P 500 sectors ended in green, with energy up 3.47 percent, leading the gainers. Technology dropped 2.26 percent, underperforming others.
U.S.-listed Chinese companies traded mostly lower with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
These market moves came as rising bond yields stoked worries that equities, particularly highflying tech shares, have grown too expensive.
The yield on the benchmark 10-year U.S. Treasury climbed to 1.36 percent on Monday, after jumping to its highest level since February 2020 last week.
For the week ending Friday, U.S. equities posted mixed results as Wall Street assessed the possibility of further fiscal stimulus, while sifting through a slew of economic data. The Dow logged a weekly rise of 0.1 percent, while the S&P 500 and the Nasdaq Composite fell 0.7 percent and 1.6 percent, respectively.
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationMILLINOCKET, Maine -- Local libraries have adapted to offer critical services during the pandemic, from deploying mobile Wi-Fi hotspots to ...
DUBLIN, Ireland: Transport company Bolt hopes to provide 10,000 rental e-scooters to Ireland. Additionally, 130 new jobs would be created ...
Sixers center Joel Embiid pledged to donate $100,000 from Sunday's NBA All-Star Game to help combat homelessness in Philadelphia. Members ...
The U.S. Senate passed a $1.9 trillion coronavirus relief bill Saturday, giving President Joe Biden his first major legislative victory ...
Hyderabad (Telangana) [India], March 6 (ANI): Hyderabad Police on Saturday apprehended ex-Ranji cricketer for cheating businessmen of more than Rs ...
Sixers center Joel Embiid is donating $100,000 in earnings from Sunday's All-Star Game to combat homelessness in Philadelphia. The four-time ...
WASHINGTON D.C.: Compromising with moderates, President Joe Biden and Democrats agreed to tighten the requirements for those eligible to receive ...
ANN ARBOR, Michigan: Some 375 University of Michigan students have been banned from entering school buildings because they have not ...
PARIS, France: The French government will not require residents of the Paris region to be locked down this weekend. However, ...
LARISSA, Greece: Central Greece was struck by a magnitude 6.0 earthquake on Wednesday, which was also felt in nearby Albania ...
WASHINGTON D.C.: In a bid to create a much greater supply of Coronavirus vaccines, the White House has announced that ...
AUSTIN, Texas: Texas Governor Greg Abbott announced that beginning next week face masks will no longer be needed to be ...