S&P 500 slips as cyclical slide counters tech gains

A trader will work on the trading floor at the New York Inventory Trade (NYSE) in Manhattan, New York Metropolis, U.S., August 5, 2021. REUTERS/Andrew Kelly

  • Power sector worst performer, elements weak
  • Macy’s, Kohl’s increase on mountaineering once-a-year assistance
  • U.S. weekly jobless promises strike 17-month lower
  • Dow down .47%, S&P down .11%, Nasdaq up .04%

Aug 19 (Reuters) – The S&P 500 edged down in choppy investing on Thursday, with losses in cyclical sectors countering gains in tech shares, as investors took the pulse of the economic rebound and gauged when the Federal Reserve may mood its monetary stimulus.

Tech also supported the Nasdaq, even though the Dow industrials moved lower, as economically delicate sectors this sort of as power and components had been weak.

Facts confirmed that the number of Us citizens filing new promises for unemployment positive aspects fell to a 17-thirty day period low final week, pointing

Read more
Tech, cyclical stocks pull Wall St decreased as China info sours temper

  • Mega-cap tech shares weigh on marketplaces
  • Tencent Songs falls immediately after Soros Fund dissolves stake
  • Indexes down: Dow .21%, S&P .34%, Nasdaq .86%

Aug 16 (Reuters) – Wall Street’s key indexes fell on Monday, as glum data from China sparked fears of slowing world wide development, spurring a possibility-off sentiment and a shift into defensive stocks amid political turmoil in Afghanistan.

The knowledge showed that retail profits, industrial production and city investment decision in China all skipped forecasts, pointing to the effect of the quick-spreading Delta variant of the coronavirus and knocking down costs of commodities and the S&P 500 and the Dow from history highs.

In the meantime, thousands of civilians desperate to flee Afghanistan thronged Kabul airport on Monday immediately after the Taliban seized the capital, prompting the U.S. navy to suspend evacuations as the United States came below mounting criticism at property above its pullout. examine extra

Read more