A wobbly day on Wall Street ended with a mixed finish for the major stock indexes Tuesday as losses in the technology and healthcare sectors largely offset gains elsewhere in the market.
The market’s modest moves came as investors returned from a three-day holiday weekend. Traders weighed a new report showing more growth in manufacturing as the COVID-19 pandemic wanes in the U.S. but were also looking ahead to the Labor Department’s monthly jobs report, which is due out Friday. Stock trading has been bumpy in recent weeks as investors moved past a stellar corporate earnings season and focused on the tug-of-war between the economic recovery and rising inflation. The concern is that the global recovery could be hampered if governments and central banks have to withdraw stimulus to fight rising prices.
Source: News Formal (newsformal.com)
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