Wall Street’s momentum cools after its latest record-setting week

Wall Street edged back further from its record heights on Monday to start a shortened trading week. The S&P 500 slipped 15.99 points, or 0.3%, to 5,218.19 in a quiet day of trading. The Dow Jones industrial average fell 162.26, or 0.4%, to 39,313.64, and the Nasdaq composite dropped 44.35, or 0.3%, to 16,384.47. The market tapped the brakes following its big run last week, which was its best of the year and sent all three indexes to records on Thursday.

Wall Street is also preparing for the return of a stock trading under the ticker symbol “DJT,” the initials of former President Trump. The company behind his Truth Social platform completed its merger with Digital World Acquisition Corp. after Digital World's shareholders approved the deal on Friday. The company's stock jumped 35.2% in what's expected to be its last day trading under the ticker symbol of “DWAC.

Source: Digital Coin News (digitalcoinnews.net)

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