U.S. indices traded lower Monday amid continued weakness in tech stocks. Concerns over inflation and yields, as well as a rotation out of tech and software names, have continued to pressure stocks this year.
- The SPDR Dow Jones Industrial Average ETF Trust DIA closed lower by 0.18% at $343.65.
- The SPDR S&P 500 ETF Trust SPY finished lower by 0.25% at $415.52.
- The Invesco QQQ Trust Series 1 QQQ also closed lower by 0.61% at $324.41.
Here are the day's winners and losers, according to data from Benzinga Pro.
Among top gainers for the Dow Jones Monday were several names in industrials: Chevron Corporation CVX, Dow Inc. DOW and Caterpillar Inc. CAT.
Microsoft Corporation MSFT, Verizon Communications Inc. V and Walt Disney Co DIS lost the most ground today for the DIA.
Elsewhere On The Street
Jim Cramer told AT&T Inc T investors who want income to sell the stock. AT&T and Discovery Inc DISCA announced a definitive agreement to combine WarnerMedia’s premium entertainment... Read More
Amazon, Inc. AMZN and Apple, Inc. AAPL both announced Monday that high-quality streaming music will be available to subscribers at no extra cost… Read More
Michael Burry, of "Big Short" fame, in a regulatory SEC filing showed he has placed a massive bet against Tesla Inc TSLA... Read More
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