U.S. indices fell Monday amid continued concerns over Fed tapering in order to combat inflation. Investors continued to assess upcoming corporate earnings while a new 2-year high of 2.884% for the U.S. 10-Year Treasury pressured technology and growth stock valuations.
- The Nasdaq composite finished higher by 0.13% to 13,910; The Invesco QQQ Trust Series 1 QQQ gained 0.07% to $338.69
- The S&P 500 traded lower by 0.02% to 4,391; The SPDR S&P 500 ETF Trust SPY gained 0.04% to $437.97
- The Dow Jones composite finished lower by 0.25% to 11,654; The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 0.05% at $344.10
Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
Valero Energy Corporation VLO, Twitter Inc TWTR and Synchrony Financial SYF were among the top gainers for the SPY Monday.
Charles Schwab Corporation Common Stock SCHW, Etsy Inc ETSY and Moderna Inc MRNA were among the top losers for the S&P 500.
Elsewhere On The Street
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President Joe Biden and first lady Jill Biden released their income tax returns last week. The first couple reported $610,702 in adjusted gross income and paid $150,439 in federal income tax at an effective tax rate of 24.6%... Read More
Elon Musk said on Sunday that the $26.8 million spent on protecting Facebook founder Mark Zuckerberg from threats sounded “high.”... Read More
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