NEW YORK, July 17 — Wall Street ended lower yesterday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant.
The utilities index rallied 1 per cent, while the real estate index edged up 0.1 per cent and touched an intraday record high. Analysts on average expect 72 per cent growth in earnings per share for S&P 500 companies, according to IBES estimate data from Refinitiv. The S&P 500 energy sector index sank nearly 3 per cent and ended the week 8 per cent lower, with investors worried about expectations for more supply and a rise in coronavirus cases that raised demand concerns.
Moderna Inc jumped 10.3 per cent to a record high after S&P Dow Jones Indices said the drugmaker will join the S&P 500 index as of the start of trading on July 21, replacing Alexion Pharmaceuticals.
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