Xinhua
23 Feb 2021, 07:55 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 InformationNEW YORK, New York - Like a mob boss looking for payback, Donald Trump wanted the Supreme Court to do ...
WASHINGTON, DC - The U.S. Federal Aviation Administration (FAA) has ordered immediate inspections of all Boeing 777-200 planes using Pratt ...
BRUSSELS, Belgium - In a largely symbolic move, foreign ministers of the European Union agreed this week to sanction four ...
WASHINGTON, DC - Moderna has announced, following approval by the U.S. Food and Drug Administration, that it will place 15 ...
Some 8.7 million Texans remain under orders to boil their water before drinking or cooking with it, following a massive ...
CHICAGO, Illinois - Following an 11-month closure, Chicago's lakefront, parks and pools are preparing to reopen.Earlier this week, Chicago Mayor ...
In a massive show of strength to protest three farm laws, more than 100,000 farmers and agricultural laborers gathered in ...
Following the deaths of 24 soldiers after clashing last June, Indian and Chinese troops have withdrawn from a disputed Himalayan ...
Chandigarh [India] February 26 (ANI): The Youth Akali Dal (YAD) will gherao Delhi Police personnel for singling out Punjabi youth ...
Beijing [China], February 26 (ANI): China and India must cherish the "hard-won" situation, should maintain the momentum of consultation, improve ...
New Delhi [India], February 26 (ANI): Prime Minister Narendra Modi will deliver the inaugural address at the 2nd Khelo India ...
Geneva [Switzerland], February 26 (ANI): United Nations General Assembly President Volkan Bozkir on Thursday (local time) welcomed the agreement between ...