S&P hits new record amid rising concerns about pandemic

  • 📰 AP
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

U.S. stock market indexes have closed at record highs, despite concerns about rising coronavirus infections and the collapse of the Afghanistan government. The S&P 500 index and the Dow Jones Industrial Average each rose by 0.3%.

FILE - In this March 23, 2021 file photo, the Fearless Girl statue stands in front of the New York Stock Exchange in New York's Financial District. Stocks fell in morning trading Monday, Aug. 16, 2021 amid rising coronavirus infections in the U.S. and around the globe, as well as geopolitical concerns in Asia.

The indexes each rose 0.3%, extending their winning streak to a fifth day, while the Nasdaq fell 0.2%. Technology and health care stocks accounted for much of the gain in the S&P 500. Sectors traditionally considered lower risk, including utilities and companies that make food and personal goods also helped lift the market. Those gains outweighed a pullback in banks, energy stocks and a swath of retailers and travel sector companies.

The S&P 500 rose 11.71 points to 4,479.71. The Dow added 110.02 points to 35,625.40. The Nasdaq fell 29.14 points to 14,793.76. The Russell 2000 lost 19.69 points to 2,203.41. Data out of China showed the global coronavirus pandemic continues to hurt economies around the world. Chinese industrial production and retail sales both rose last month, but at a far weaker pace than what economists had expected.

The price of U.S. crude oil fell 1.7% and weighed down energy companies. Exxon Mobil dropped 1.5% and Chevron closed 1% lower.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So they decided today was an up day

When the crash comes amc will save the stock market

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures pull back after the Dow and S&P 500 set recordsFutures slipped Sunday evening as the S&P 500 hovered in record territory after last week's modest gains. Fake highs The manipulator 🤡 Tomorrow will be blood 😂 Just a cool down from the ATH we will resume the rally on Tuesday
Source: CNBC - 🏆 12. / 72 Read more »

Stock Futures Edge Down After Dow, S&P RecordsU.S. stock futures pointed to muted losses for major indexes that closed at all-time highs last week, after data showed a slowdown in China’s economy.
Source: WSJ - 🏆 98. / 63 Read more »

With His Stylish New Music Video ‘Worth a Million,’ Jeremy Pope Makes His MarkThe actor-singer on identity, expression, and creating a sleek music video amid a pandemic. 74 people in Martha's Vineyard have tested positive for Covid since Obama's 60th birthday bash TheObamaVariant Listen to my new song
Source: voguemagazine - 🏆 715. / 51 Read more »

American biotechnology is boomingProfitability can be uncertain, however. Only one in six companies in the NASDAQ biotech index made money in 2020. The remaining five-sixths lost a combined $33bn There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisatownsendBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done
Source: TheEconomist - 🏆 6. / 92 Read more »

How The Tory Burch Foundation Is Supporting Women Business Owners Amid The Pandemic“The monetary value, it’s the icing on the cake. But it’s really about the access to people.” this is terrible news HARASSMENTGENPACT Nestle Pepsico Unilever Infosys Wipro Nike 3M Virgin JBS Toyota Cococola Kraft Danone CNN Heinz Haier Mondelez Heineken Adidas Henkel TESLA Stanley ITC IBM NASSCOM BCG piyushmehta322 DigitalTransformation
Source: Forbes - 🏆 394. / 53 Read more »

The rise of Marriott and what's next for the hotel giant post-pandemicThe rollout of Covid-19 vaccines and signs of pent-up travel demand among consumers has given Marriott International a renewed sense of optimism. thanks
Source: CNBC - 🏆 12. / 72 Read more »