The US stock market finished session mixed on Friday, 21 May 2021, as losses in technology and consumer discretionary shares were offset by gains in financials and industrials shares.
At the close of trade, the Dow Jones Industrial Average index advanced 123.69 points, or 0.36%, to 34,208. The S&P 500 index was down 3.26 points, or 0.08%, at 4,156. The tech-heavy Nasdaq Composite Index fell 64.75 points, or 0.48%, to 13,471.
For the week, the Nasdaq climbed by 0.3%, while the Dow and the S&P 500 slid by 0.5% and 0.4%, respectively.
Total 6 out of 11 S&P 500 sectors closed down, with consumer discretionary (down0.59%), information technology (down 0.52%), and communication services (down 0.28%) sectors being notable losers, while financials (up 0.9%), utilities (up 0.54%), and industrials (up 0.43%) were notable gainers.
The US stock market finished higher for the first time in four consecutive sessions on Thursday, 20 May 2021, with bargain hunting providing a boost on optimism about a global economic recovery from the pandemic after a drop in US initial jobless claims, offsetting inflation worries and fears about possible shift in future monetary policy.
At the close of trade, the Dow Jones Industrial Average index advanced 188.11 points, or 0.55%, to 34,084. The S&P 500 index was up 43.44 points, or 1.06%, at 4,159.
The tech-heavy Nasdaq Composite Index added 236 points, or 1.77%, to 13,536.
Total 10 out of 11 S&P 500 sectors closed higher, with information technology (up 1.87%), communication services (up 1.67%), realty (up 1.34%), healthcare (up 1.04%), consumer discretionary(up 0.95%), and utilities (up 0.82%) sectors being notable gainers.
The US stock market finished lower for third session in row on Wednesday, 19 May 2021, as a steep fall in cryptocurrencies and as the Federal Reserve minutes showed the US central bank inching closer to a possible shift in future monetary policy.
At the close of trade, the Dow Jones Industrial Average index declined 164.62 points, or 0.48%, to 33,896. The S&P 500 index was down 12.15 points, or 0.29%, at 4,116. The tech-heavy Nasdaq Composite Index dropped 3.90 points, or 0.03%, to 13,300.
Total 9 out of 11 S&P 500 sectors closed lower, with energy (down 2.53%), materials (down 1.54%), consumer discretionary (down 0.75%), financials (down 0.63%), and industrials (down 0.58%) sectors being notable losers, while information technology (up 0.33%) sector was notable gainers.
The US stock market failed to hold early gains and finished lower for second session in row on Tuesday, 18May 2021, as selloff pressure accelerated on weaker than expected housing starts data and on caution ahead to the release of the minutes of the Federal Reserve s April monetary policy meeting for clues about monetary tightening.
At the close of trade, the Dow Jones Industrial Average index declined 267.13 points, or 0.78%, to 34,061. The S&P 500 index was down 35.46 points, or 0.85%, at 4,128. The tech-heavy Nasdaq Composite Index dropped 75.41 points, or 0.56%, to 13,304.
Total 9 out of 11 S&P 500 sectors closed lower, with energy (down 2.63%), industrials (down 1.47%), financials (down 1.35%), communication services (down 1.23%), and materials (down 1.09%) sectors being notable losers, while realty (up 0.17%) sector was notable gainers.
The US stock market finished higher second session in row on Friday, 14 May 2021, as investors continued bargain hunting of shares hammered by the week s volatility.
At the close of trade, the Dow Jones Industrial Average index advanced 360.68 points, or 1.06%, to 34,382. The S&P 500 index was up 61.35 points, or 1.49%, at 4,174.
The tech-heavy Nasdaq Composite Index added 304.99 points, or 2.32%, to 13,430. For the week, the Nasdaq tumbled by 2.3%, while the S&P 500 and the Dow slumped by 1.4% and 1.1%, respectively.
All 11 S&P 500 sectors closed higher, with energy (up 3.16%), information technology (up 2.12%), consumer discretionary (1.8%), communication services (1.69%), industrials (up 1.34%), financials (up 1.54%), and materials (up 1.19%) sectors being notable gainers.