Xinhua
23 Feb 2021, 03:25 GMT+10
NEW YORK, Feb. 22 (Xinhua) -- U.S. stocks finished mixed on Monday amid a noticeable pullback in the tech sector.
The Dow Jones Industrial Average rose 27.37 points, or 0.09 percent, to 31,521.69. The S&P 500 dipped 30.21 points, or 0.77 percent, to 3,876.50. The Nasdaq Composite Index shed 341.41 points, or 2.46 percent, to 13,533.05.
Six of the 11 primary S&P 500 sectors ended in green, with energy up 3.47 percent, leading the gainers. Technology dropped 2.26 percent, underperforming others.
U.S.-listed Chinese companies traded mostly lower with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
These market moves came as rising bond yields stoked worries that equities, particularly highflying tech shares, have grown too expensive.
The yield on the benchmark 10-year U.S. Treasury climbed to 1.36 percent on Monday, after jumping to its highest level since February 2020 last week.
For the week ending Friday, U.S. equities posted mixed results as Wall Street assessed the possibility of further fiscal stimulus, while sifting through a slew of economic data. The Dow logged a weekly rise of 0.1 percent, while the S&P 500 and the Nasdaq Composite fell 0.7 percent and 1.6 percent, respectively.
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
Buenos Aires [Argentina], July 6 (ANI): The Ministry of External Affairs on Saturday (local time) emphasised India's great interest...
Chennai (Tamil Nadu) [India], July 6 (ANI): Launching a scathing attack on the Centre, Tamil Nadu Chief Minister MK Stalin said the...
Birmingham [UK], July 6 (ANI): England batting coach Marcus Trescothick claimed that they are willing to play for a draw in the ongoing...
Birmingham [UK], July 6 (ANI): Indian bowling coach Morne Morkel hailed skipper Shubman Gill after a record-breaking outing at Birmingham,...